Hi Clinton,Great response, definitely got me thinking about the details of land lording. 

However, there are strategies that work here in Washington if you know how to do due diligence on raw land.My favorite strategy is to buy raw land and seller finance it to builders.

I've decided since I've recently landed a new job and have some extra disposable income I'd like to invest as a private money lender.

My real estate ambition began when I met some friends of my dad who have been flipping wholesale land for over 15 years.

I bought it on land contract.

That limitation is 50% of the assessed value of the house, not including the land.

They did not have land lord for the last several years.

Payne is not the best system try brant should be same ball park.Also after you pay the 475 for the repairs you can open a cash account at a supply place and order the units and the coil line and just get it installed and will save you some money alot of the mark up is on the equipment.IF you go to a 2rd party vendor they will do it 1st party most of the time will tell you no they want you to have a HVAClic  you will  save about 20% of the cost .

There are a ton of posts and podcasts about how to get the ball rolling.

If I do the deal, one escape route I'm strongly considering is splitting the land into two lots, allowing me to sell off each home individually.1.