. • The property owner has directed the unauthorized person to leave the property. • The unauthorized person or persons are not current or former tenants pursuant to a written or oral rental agreement authorized by the property owner. • The unauthorized person or persons are not immediate family members of the property owner. • There is no pending litigation related to the real property between the property owner and any known unauthorized person. 

What are some other creative things others have done with this type of land?

Most people want cash flow, and these days, you have to get creative to make that happen.

Looking forward to some creative responses and hopefully a tax attorney referral! 

If they're just going to be there for an hour to two during a time frame you have set for prospective people to view - give them directions that prospects will need to reach out to you for lease details/moving forward.

Dm me if your interested in what I can do for you as your boots on the ground Realtor in the Memphis area and/or if you need a direct contact at Foundation Title & Escrow.

Their business plan to me was flawed based on what I was told but it was not direct from the source.It was my understanding they were buying loans from a company and were leveraging as well from that company where they would buy them for X, and pay points and interest on those loans.

But then I was tapped out on access to funds, so I switched to creative means, obtaining the next 3 properties via lease-options.

TIAErich  Erich - I would echo other's comments, but also point you in the direction of a Bigger Pocket book, "Estimating Rehab Costs" - It's a 2019 version, so the actual dollar amounts will need to be increased, but it can give you a good starting point for the process that you can refine/update over time. 

Even with a lower prime rate, the affordability boost is limited if home prices remain elevated and rents don’t increase proportionally.For investors, this might be the time to get creative: value-add strategies, BRRRR, or exploring underserved markets where rents still have room to grow might help improve cash flow potential.