It may be beneficial to consult with a real estate professional or financial advisor to help weigh the pros and cons of each option and make an informed decision.

Consider consulting with a real estate professional or financial advisor who can provide personalized guidance based on your specific situation and goals.

Definitely discuss w your tax advisor too.  

You can also reach out to Wealth Management advisors who have clients who are cash fluid that are looking for good "All cash" deals.I would also reach out to probate attorneys who handle a lot of clients who are getting ready to get a lump sum cash and need a direction to multiply their liquid reserves.When a buyer pays "All Cash" they can get 80% of their money back same month No waiting - No 6 month seasoning.

This is looking to be a more complex lending situation due to lack of relationships established, but I have to start somewhere i suppose.

I would establish a team in whatever area you choose.

If you can establish a team you trust in a market perhaps the team is more important than the market itself.  

My goal is to establish a well-rounded portfolio of rental properties that not only promise financial growth but also offer value and sustainability to communities.I’m particularly keen on understanding the nuances of different real estate markets, effective property management techniques, and strategies for making informed investment decisions.

here you go:https://www.redfin.com/IL/Bloomingdale/174-Merganser-Ln-6010...as you can see, it's the LOWEST priced land in this very established neighborhood!

Seek advice from a real estate agent, property inspector, financial advisor, or investment mentor to evaluate the deal and receive expert guidance.Good luck!