I know Dodd-Frank limits the financing of residential mortgages, but I don't think this applies to vacant land.

Is losing $300/mo OK, considering limitations of such low downpayment?

To avoid that gains tax, you must have occupied it for 2 of the last 5 years and there are limits to the amount of gain covered, beyond which taxes do accrue...but in this case that is not relevant.Talk with a real estate attorney about rent-to-own, there are limitations in Texas.Andy

I just started to work in a small/medium development company, they´ve used their in-house and very limited financial model for projections and for underwriting.Looking for a few options of full development models that can help us with our current pipeline and future growth.

The 3% conventional loan (HomeReady or HomePossible) have income limits as well as a lower DTI guideline.  

I also have a few personal credit cards with 25k, 15k and 18k limits. 

@Naftali Green Unfortunately you would be limited to small condos that aren't going to get you anywhere near the returns you are looking for in Orlando.

I understand that if you make them out to your self it does allow you to bid on multiple items with the same checks but we did not have an issue with limited funds in those days.Each place has there rules and thats the fun of this game .. 

If you're not in windstorm tier 1 and your provider is still limiting windstorm coverage that severely I would recommend finding a new insurer.

I was going to ask you what your experience with a jumbo loan was since I've only read about them, but it looks like they increased the jumbo loan amount to 647K recently so I guess you just fit into the new limit (nice).