I would be buying into a sellers market in almost any Albertan city.Alberta also worries me as it is known to be super volatile for short periods of time and then sit dormant for up to a decade. 

Everything I've purchased personally, including a recent 4-unit purchased last month, has been heavily cashflow negative initially and it usually takes a good amount of work to get it to cashflow or break even within a relatively short period of time....6-12 month approximately.

If able, speak to them face-to-face at their work, your kids soccer game, church, whatever.

I know a few pro football players that had short careers.

I recommend having an attorney draft one that can be short.

With this scenario we both have skin in the game: His work and my materials.

We do all our loans as balance sheet loans, so that means short term fixed rates with 20yr amortizations and 20% down. 

"@ Frank ChinIn this specific instance, it is undeniable that a house was built on that property more than 15 years ago simply based on Google Earth data, but you can see by the county assessor records that the house on the subject property was built in 1950 and then the property encroaching was built over the property line shortly thereafter, in 1951.@ Matt Devincenzo,From the info in your post, the land does not seem to have officially been taken by AP.

Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in  CO FLA WA ID MT NV AZ OR TX SC GA VA  one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..

Set up a PO box shortly there after haha