The seller doesn’t want to profit, he just wants this weight taken off his shoulders.

We're definitely being more careful about estimating and looking over our contractor's shoulder a bit more

THERE IS NO FUTURE IN LOOKING OVER ONE'S SHOULDER AFTER A CREATIVE TRANSACTION IS CLOSED. 

I am grateful for God, Jesus Christ, my beautiful wife and amazing kids, my home and properties, my educational opportunities (including BP), my knowledge of the restored gospel of Jesus Christ, my parents and siblings, my business, my Country and our freedoms, my ancestors upon whose shoulders I stand today.

It sounds like you have hustle and a good head on your shoulders so try to find a mentor at a local investors group and find ways to make yourself useful in exchange for knowledge and eventually some deals.

And wouldn't pay his asking of $110k.He kinda has a chip on his shoulder cuz he goes on to say "Anyway I'm not pressed to sell and you also need to show me you're a serious buyer"Putting up a proper home on that lot would cost anywhere from $150k-$170k. 

It can take a year or more to find that first person who is willing to take a risk with you, and the weight on one's shoulders to perform is immense. 

Im on the same journy as you but you have the advantage of being so young with the right head on your shoulder!

Your proposition is very, very risky and you will be shouldering ALL of that risk.  

Broke my neck shoulder shattered my talus cracked sternum etc etc Yada Yada Yada and the list goes on.