Why do you think a 8% cap rate is good, cause you read it on the internet! 

There are a lot of resources on the internet that provide ways to get access to property. 

If that doesn't help, foster relationships form afar using the internet.

What about cable, internet and Wi-Fi access?

Without a doubt this is the best real estate forum on the internet! 

I am told that the first attorney they went to wasn't able to help them and that he/she referred them to another attorney who specialized in this type of deal, but he wanted to much money so they decided to just pull a generic contract off the internet (I do not yet have the contract in hand or I would post it).Some big concerns I see with this.1.  

If so, I belong to a (free) private investor group that communicates over the Internet.

Check the classifieds, internet postings, driving around, dealers, local repo people and let them know you are looking for a home.

Then hit the internet websites and see if there are any recent sales to estimate current market value.

@John BlytheYou are way ahead of the curve already by asking this question on BP.I stared with $500.00 in the 1990s and began buying unwanted rural vacant land and selling it on the internet for twice what I paid (each deal).