So, valuation of property is split between land and structure. 

You can tell the tenant that they can ignore the notice as long as they follow through on paying.As the landlord you want to maintain control of the situation - not allow the tenant to do so.

I have heard you have to own land with all permits and engineering completed before closing on the construction loan exclusively in California. 

.❌ Legal Risks – Chicago has strict landlord-tenant laws.

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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.

That might be a way to start, finding recently sold land on zillow, back trace agents to sold listings and tell them you might have some land coming up soon and see if they have buyers.

This is due to all the foreclosures that have been tied up in land court since the pandemic. 

With California’s tough landlord laws, I can see why you’re looking for more landlord-friendly areas.

I don't Atlanta is too landlord friendly and the demographics shift it harder to do business everyday.