Make sure to work with a forestry professional to ensure sustainable harvesting practices.Rent it for Storage or Equipment: With the rise of RVs, boats, and large equipment, you can rent out part of the land as storage space for these vehicles.

But you have to understand the seller is taking on a significant risk of having someone else run the property and not knowing if they will get the final payout.If you are getting typical rates, why would you not just buy the property outright with 20% down and obtain mortgage financing from a lender?

That’s why the rate is so high. 

On eviction - our rate is 3% which beats the national class C average by 50%.

Rates are high now, but if they go down, more buyers will enter the market and drive prices back up.

If you move into a property acquired through a 1031 exchange and make it your primary residence, you may qualify for the capital gains exclusion under Section 121 (up to $250K single/$500K married) if you live in the property for at least two of the last five years before selling.However, gains attributable to the time it was a rental property remain taxable (non-qualified use), and depreciation claimed during the rental period must be recaptured at a 25% tax rate.

Forbes rated it as one of the best places to live.

I'm under the impression that its ran similar to single family homes and like cap rates for the large multifamily.

I always pay off my highest interest rate items first, especially if its debt.

I would not shy away him from seeing the hard parts of RE.Main point....get him involved at a high rate.