Always try to find properties that are messy, or cosmetically ugly, but in good shape regarding the roof, foundation and pluming.

Hoping to land one soon

I don't know much about land contracts and what would happen if something should happen to him/ or his loan.

Hi, I would like to hear from other experienced landlords how long it takes for you to get an apartment in rentable shape, I'm talking in a situation where  it's not in terrible shape, kitchen bathroom are ok, walls aren't Coming apart .

If it's only 5-10% of all the capital needed for the deal then you're in good shape I would think.

Both will allow you to create a P&L and Balance Sheet at year-end to make tax returns simpler for your accountant. 

I have 47 acres in the Northeast... the land has been okayed for a assisted living community.

I do have some knowledge of the process of developing land as I work for a commercial general contractor in the area and I’m also a residential real estate agent so I feel like I have many pieces of the overall puzzle but can see the full picture yet.

The biggest question I have is 1.91 acres of land big enough to build storage units on the property?

I'd need to buy an HVAC unit and air it out for a month after completing repairs.The question is, supposing the land is worth $25,000 and it'd take $30,000 to complete the necessary repairs... is it worth trying to salvage or should I demolish and do something else?