It'll likely put you in more challenged areas so there's higher probability for headaches but those properties that do work out, tend to do very well. 

How did this work out for you?

We had to 'pierce the veil' and have an underlying partnership agreement, bank account in the partnership name rather than Land Trust name, but it did work out to open an operating account for each property.  

Hopefully you get it.It looks like your strategy would work out great, especially if you can get it anywhere close to $450k. 

Has anyone chosen one option over the otherin a similar situation and how did it work out? 

But the property as a whole was in much worse condition than expected, so I don't think the numbers would work out for me.

If you are comfortable with it, it could work out great.

I'll be contracting all the work out myself

I did that once and it didnt work out to well.

It will require fabrication but you can negotiate that as well.There are a couple of shops that sell standard round over edge granite slabs, 25"x96" prefab, tier 1 for $98 each.