You want to talk to your CPA first and foremost you don't want to get in a situation were your deemed a dealer and lose your cap gain tax advantages.that said a take down schedule like this is common in the industry.. although CA usually a million dollar property is not a lot.. vis a vi development ground.. and builder developers there usually stroke a check if needed.I suspect though if your going to sell it in phases.the land would be split into 3 phases and you deed out each phase as he pays if off.. but not individual lots that were your CPA can advise you on dealer status.its common though in these scnerios to have accerlated paymentso you have  3 phases  333k each... you sell first phase for  400k.. second phase for 400k last phase for 200k.. this way you get a premium if he fails to buy the rest of the dirtalso in your contract make SURE you demand that all work product engineering soils geo tech that type of stuff is once paid for your property as well.usually in vanilla real estate transaction on the west coast I don't recommend or see the need for a lawyer but in this case I would find a good real estate lawyer tell him these basic terms and things you need then let him prepare the contract.. hope that helps.. and assuming the dirt is in CA.. of course.

Since the house is pretty close to public transpiration and Google/Apple/Hi-Tech company bus station, so we were thinking that maybe finish up the basement to have more bedrooms and bathrooms, would attract those high-tech working professionals to share the house and bump up the rent?

I would be purchased the loft to live in while I work and attend grad school at Georgia Tech, I don't know my long term plans for Atlanta so I was viewing the lost purchase as an investment as I could cash flow it after I left..There's also a brewery my friend is opening that I make make a small investment in as well.

A friend of mine does co-op mailers on these giant postcards using every door direct mail from the United States Postal Service.

Unless those kids are paying a giant amount each month in rent to make up for the 6 month loss you're going to take leading up to it.

It has not changed much to investors perception that technology is desirable even to this date.Real estate public Companies Z RdfnRLGY * Type Internet Tech Discount tech Traditional Year Revenue($)$1.08 billions$0.37 billions$5.81 billionsGross Profit($) $0.99 billions$ 0.11 billions$1.32 billions Net Income($)(-94 millions)(-15 millions)$213 millionsBook Value / share$14.05 $21.42$19.89Agents- 272,000Stock Price (Mar 2, 2018)$49.21$21.43$19.89IPO year 2011 2017 2012 *Better Homes, C21, ERA, Coldwell, Southeby's, Zip etcOne can compare a traditional company like Realogy Holdings(RLGY*) with some technology based public companies.

My family needed a place to live for ~5 years, we couldn't rent because I have lots of kids and a giant dog, and since I'm an investor, I wanted a deal with numbers and exit strategies I could be happy with. 

There certainly won’t sit a giant vacant Hospital there.

Happy to connect to discuss more.If obliged you could also install onsite solar and sell generated power directly to tenants leveraging the same tech^ (fine to do so as long as you aren't charging a higher rate than the utility).

Just wondering but how much smart home technology have you added to your locations like video doorbell, smart lock or smart thermostat? How much would you increase the rent by?