@Jordan Moorhead I know of many single-asset syndications as well as funds that pay distributions but have negative operational cash flow.

For rentals, focus on cash flow and metrics like cap rate (target 8%-10%) or cash-on-cash return.

I mainly bought it for the land, do not intend to rent it out for cash flow or what not.It is currently occupied by the previous owner.

So, you’re at someone else’s expertise, decision making, experience, analytical skills, information flow, managerial capacity, oversight, etc.  

The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

So maybe think this through a little more.

For me, the reports available in Baselane are ideal, but I'm also not trying to run a different business through it like it sounds like you may be doing.

You would want to look for an owner that has a loan through a bank or credit union or one that has no mortgage. 

He even chatted with me through this forum (Bigger Pockets) and was very encouraging that you can even do it just with free stuff out there.  

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow.