As luck would have it, his business had grown significantly, and he was now more eager than ever to acquire the land.He made me an offer 12 times higher than his original one—and well above market value.

Think of yourself of an asset manager, not a maintenance provider or lease-up specialist (but do those well too).3.

If you can get all the bedbug containing furniture out of the place and it will sit for awhile (or let it sit while the other repairs are done) you may be able to avoid some cost, but if you want to get a paying tenant in sooner rather than later you will want to bite the bullet and get it well done.

That they don't service their loans well, lag on draws, say they can close fast but don't etc etc.

I would love to help get the information for you, I don't mind getting that for you and I have someone that can help with getting you the capital needed as well.

Sounds like you're in the scale/harvesting time so I think you need to determine if this property is something you are happy with the cashflow it would produce as well as the time needed to manage it or hire a property manager, or is it time to take the equity and redeploy it into something more worthwhile like a higher cash flowing investment or creating higher equity in the home you buy down here.

Also, be sure to have your LLC as an "additional insured" on their insurance policy as well.

I would like to know as well... 

Well done!

I'm in Chesterfield as well, looking to buy.