He has connections to others who are creating subdivisions where we might buy additional lots.I guess my question is whether I go with the one who handled the buy side of the dirt or change to a new home sales specialist. 

But I'm truly on the fence and I'd appreciate additional opinions.

Additionally I think this whole conversation just highlights how absurd ground rent is in the 21st century.

#ip1 (Income-Expense-Monthly mortgage payment)+annual principal/(Downpayment+addition cost for buying+renovation)#ip2 (Income-Expense-Monthly mortgage payment)+annual principal/(Downpayment+(addition cost for buying+renovation/amortization of assets))Note:1)assuming additional cost for buying+renovation will be amortize over a period of time?

the best way to do this is to have lawyer write it up. the second best way is to purchase on online (BP sells state specific leases, prepared by attorneys) and you can always make some modifications to it...but the most important part is to run the purchased lease by a local real estate attorney to make sure it and any additions comply with state law

Currently, I'm in my third owner-occupied property and am looking to refi next year or will be requesting PMI be taken off at the two-year mark since the loan was sold to Freddie Mac: https://new-content.mortgageinsurance.genworth.com...I've done some analysis and depending on the type of loan, PMI can be treated like additional interest to determine if you should seek alternative financing.

As far as students vs. non-students, the student body at Texas Tech is growing quickly, in addition to the large quantity of businesses and families moving into town.

Multi-family is out of my budget, but I found a townhome that I thought would work well for me to live in and rent out the additional rooms. 

This was required because the project involves an addition and we will need the survey for the town's building department.  

Additionally, should I even bother submitting an offer on a property without proof of funds being submitted at the same time, or will the seller likely reject the offer without seeing the cash on hand up front?