She was asking for $20,000 but due to the horrible shape of the home I offered $12,000 and she accepted.

Could you break down some of the details of your deal...land cost, construction costs per sq ft, and recommended initial steps?

“To sell the land we need clarification on the Texas law.

I either want to sell it or get my equity out without dealing with my personal credit and a mountain of paperwork. currently a nightly rental as we are a historic hotel.open to discussing my options. also there are other commercial investments on the property to include the building of another restaurant /bar/ cocktail lounge our land. major investment opportunity.who can help me? 

Some of these cheaper vacant land properties get bid up 700-800% over the lien amount because there was a decent chance you could get the property . 

Boost Cash Flow and IncomeYou can immediately start benefiting from increased cash flow and rental income by exchanging non-income-generating properties, such as vacant land, for income-producing assets like commercial buildings.

They typically don't have a balance sheet per property which your tax professional will need (tax basis for each property including land, building, CapEx, capitalized loan costs, accumulated depreciation, accumulated amortization, etc). 

It helped land him a 6 figure job out of college working for a large family office that builds 200 to 500 unit apartment complexes in the SE US.   

Just a stupid idea to buy land or houses in the first place in that area.

Best thing to do with subject to is to have the seller transfer ownership into a land trust where you are the beneficiary of the land trust.