Ask them if there are any major outstanding repairs (Plumbing, Electrical, Safety).  

First of all, thank you for reading.I have purchased a single family home with 1.5 acres right off the highway, in the twin cities, Minnesota.

Is this doable in the State of Georgia on a property that has an outstanding loan?

Starting with 20,000 I have a site picked out near the intersection of two major highways.  

The property is situated close to the city so it's not in a rural area and it in a close proximity to a major highway, if that helps.My current thought is to build a warehouse building and lease it out, but I'm not sure what kind of ROI I will get.

Thank you in advance, and I hope you have an outstanding day!

They need a junior mortgage to cover the difference between purchase price and the outstanding loan balance. 

Outstanding event Alicia! 

Should I roll my outstanding $30k student loan into this?

My business still does a solid $250k a year in profit, so I have additional sources of income that might appeal to investors.I think the problem will be credit history: I've never taken out a car loan or house mortgage, but have had credit cards since 18 and have been paying them on time with no outstanding debt.