https://www.biggerpockets.com/forums/12/topics/1136927-land-...I run a small organic farm in Victor, ID. 30 min from Jackson Hole and close to Grand Targhee ski resort in Idaho.

Thus, I am interested in suburban space near major cities, not the downtown inventory that is trading for pennies on the dollar, but often involve massive office complexes that will have huge holding costs until they get leased up. 

And i have seen other do it like i said in San Antonio only to have that operator get in major trouble with the state and the investors get wiped out.. there is more than just YOU buying a home without an investor putting up the dollars to buy it.

If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well. 

to me I view an inspection contingency as you do it and if something is wrong you present it to the seller and say "hey fix this, reduce the price OR if it was major and really bad just walk away".If no inspection was done, then its unethical but reality is its not worth a seller to sue over it.

Capex is usually lower, around 2-5%, since major replacements like roofs or HVAC systems are far off.

it really is a major pain in the butt.....at least that's my experience.  

However keep in mind you want to showcase your property’s strength so if the land or aerial view is a major selling point, consider leading with the overhead shot. 

(this will help you keep your money)Profit First, by Michal Michalowitz (this will help you organize your money)The Millionaire Real Estate Investor by Gary Keller.

@Aubrey Adams-Thanks for the post / question -I would recommend developing a hypothetical plan  ( purchase price / loan amt needed ) and get pre approved ..this process is free and it will help get you organized and also to educate you  in many ways ..if you never end up buying - no worries and no costs have been wasted