I am closing on a new primary residence next week that has some acreage, a nice 3-stall barn, and a riding ring.  

This sounds like a single guy wearing a fake wedding ring , then going to the club to try and pick up chics .

These situations, if encountered typically become engineering and construction problems that are ultimately solved with the developer's money.You are encouraged to do a bit of due diligence before spending an inordinate amount of time on this (or any development project) by:- Determining the highest and best use you see for the property- Running a pro forma to understand the project's value (sales or capitalized rental income) to see if the project makes sense financially - creating a project schedule and pre-development budget-Using the above data to approach the school district to see if they will work with you based on an offer that you make to them that is informed by your due diligence and try to get the property under contract if you can come to terms with the district with a closing date you think you can meetYou may well discover that the school district would prefer or may even be bound to dispose of the property thru an RFP process, that is a "request for proposal" where you and anyone else can throw your hat in the ring to see who produces the most attractive (to the district) proposition.

Hey Forums! This is my first post, so bear with me here... Apparently I can't edit the title of the thread either... Sorry for the typo!...As a primary investment strategy, I focus on value-add self-storage and 1031 i...

The CEA bankruptcy thing is an excellent point that I'm glad I know now and must research more on.I'll throw my POV into the ring for what it's worth.

They need info like yours before jumping in to go into the ring with both gloves on!

I just dont want giant yellow rings of dead grass.

Trust me Richard Ring, I interviewed the property managers in that part of town and they were shady as all hell.

Forget about that wedding ring! 

Then approach them and remind them you can do more than list a property and wait for the phone to ring with an offer.