Family can complicate business, so I find it best to lay everything out in an agreement which both parties will sign.

To complicate things medicaid is paying for the nursing home, but we have the life estate being granted well before the 5 year look back period for them filing a lien on it. 

Finding wedge deals is quite complicated, as you say in this area people bet on appreciation. 

Below are the details:The major complication from the original lender is that it is zoned as mixed-use R-2.

Below are the details:The major complication from the original lender is that it is zoned as mixed-use R-2.

It's complicated, but they are used as collateral to facilitate inter-bank and commercial lending.So yes, when markets crash, the money literally does vaporize. 

Title search usually takes ~5 days if you make your intentions knows (and there’s no unforeseen complications.

It's always a good idea to educate yourself to find all options of the real estate business so you can find the right choice for your needs/desires.Wholesaling is my first choice to learn more about as it seems the least complicated for a newbie but I'm still looking at all the choices. 

Or... would you consider getting into joint ventures or other partnerships with limited partnerships that can be bought out so as to pay off original money backers and allow for less complications?

The lots are seriously cheap and the builders of the above-mentioned modern homes are a-plenty, and since I won't be looking to build anything complicated or palatial, I wonder if the numbers would work out.