He just moved back to the area to be closer to their grand-kids. 

I am a real estate agent and local builder here in Grand Rapids mi.

Maybe you get a couple grand and sort things out yourself though.

Private lender is as  @Rick Pozos  pointed out some one you meet at a gathering has no business card is a local professional with usually a few hundred grand in their IRA  and for those folks most states have a small carve out to do a few private loans legally.. 

This jist of the rules are no mixing with disqualified parties, which essentially mean linear relatives: parents, grand parents, kids, kids in law, grand kids.

If not, those are relatively cheap in the grand scheme of things (the value they bring to your unit.)

I am a landlord/wholesaler in the hot Grand Rapids, Michigan market and came across a lead that I wanted some input on.   

If the property appraises for $100k you will only be able to cash out at 75% LTV - $75,000, so maybe you can pay yourself back and pay off the credit card and have a couple grand extra.

With all useable land and fertile land(With the exception of Grand Oaks which cannot be cut down; which may serve as an attractive part about the "Community" if several homes were to be built on the subdivisions),  2 water wells, 2-inch water meter and all the utilities; how difficult would it be to find a developer to pick this up, have the deal assigned to, pay closing costs, and pay in cash?

. 😀  In the end, the price for anything is what somebody will pay for it.Why is a Grande Latte $5.25?