Details:Price: $65,000Cash available for down payment: up to $20,000Zoning: ResidentialPlans: hold it with plans to potentially build on it within the next 5 years.Additional info: lot is currently located between two duplexes.Any advice would be greatly appreciated.

I will set up basically a business plan to show the deal, exit strategy and be prepared to pitch my relevant experiences (sell myself), anything else? 

I plan on buying in the next 30-60 days. 

I plan to spend about 6-12 months in a relatively inexpensive city (anywhere in California) that is close enough to a good real estate school. 

Account Closed If you're planning to live in the property you purchase, that opens the door to owner-occupied financing.

You must plan on living in the residence you purchase and not renting it out for the life of the NIFA mortgage loan.

I will use an engineer for developing a site plan and a draftsman has already started on the floor plan.

My highest was about $7000-8000 over asking, however it was a bank owned property I had planned to flip, not market value.

I have a cousin who owns two properties, the one he lives on and the one he is currently renting out (the one we are flipping)(note-he is renting it to family who know what we are planning to do). 

We plan to have a property manager...included about 8% pm fee in our numbers.