Massive Wholesaling Opportunity or What to Do?

[Ronaldo Gillespie]

Hey Everyone,

I'm currently mid flip on my first single family.  Things are going well, it's very exciting! My question is regarding another opportunity that has come into my periphery:

My father in law works closely with the Head of Property for a large non-profit organization in the region. Through this connection, I have the opportunity to buy a large piece of land with several structures in tact. The organization wants the property gone quickly and under the radar as it had a controversial incident which led to the closing of the "home" that operated on it. Because of this situation, I potentially could acquire the property at a price significantly below market value. The property could be used for many things (split & developed, leased to another non-profit, leased to a horse stable manager, open a winery, wedding venue, etc.) That being said, the size of this potential deal is WAY above my bank roll. There is no way I could make it happen with my own finances. I've come to the conclusion that my only option to get involved would be to wholesale via an Assignment Contract. I believe that the price on this deal is so low that there will not be an issue finding an investor within 30-60 days.

This feels a bit overwhelming, so I was looking to get any advice as to how to handle this. The property owner is trying to move fast so it seems that if I don't act within a few days/weeks, it will be gone. I'll post details below and any advice is greatly appreciated.

•  The property is 68 acres and about 1,000 ft from a large river and has a Riverview hillside running through it.
• It is roughly half wooded and half cleared land with gravel roads accessing %65 of areas.
• The property has city water, electric, and gas at the road.
• Land was Purchased by Current owner in 2013 for $1,930,000.
• The County Assessment Value for the Land and Improvements combined is $2,182,900
• The land is in 4 Separate Parcels all on 1 deed
• There are currently nine structures including a 15,000 SF basketball arena, a historic home with commercial kitchen, a newly built indoor horse arena, 3 dorm buildings (~3k sq/ft each), a 2 car garage and a few small sheds on the main parcel.
• The owner said he would sell it for $600k cash right now, but my father in law seems to think he could get it down to $500k.

$1.9M land for ~25% leaves a massive margin. Could this work?

What to do?

THANKS!