This is even more so if the 4 years has an impactful event such as Covid.  

That is; They will have the use of those funds with NO TAXABLE event involved UNTIL sometime in the future,  when either the OPTION is exercised, cancelled or perhaps renegotiated ?

Hey Greg,I think part of this depends on how far away you are and whether you have neighbors or relatives that can visit you property in the event a visit is required. 

The long version is that since the early 2000s there was a boom in Panama City which followed a frenzy of buying land for no reason other than to buy land, buyers from across the globe where buying tons of land for no business purpose but a land investment.And it was a succesful business model for the "land flipper" until prices soared, then a mix of events bursted the bubble.

Start attending local meet ups.

Hope this helps.Are you attending multiple state auctions?

It also provides plenty of tools for learning.Have you looked into attending local meetings and joining facebook groups?

I recently attended the MTR summit.  

In the meantime I read every book I could find on commercial real estate; attended every commercial real estate meeting in the Houston area, and spoke to numerous commercial brokers.

Unfortunately, due to an unforeseen event, me and my friend are no longer able to attend, but our loss could be your gain!