The lot has about 20 parking spaces on it and is being used by a restaurant that shares the driveway with it. 

I hope to make more connections there to either lend or venture into the PMP space. 

The catch is you have to split your profits with Peter 50/50 until you reach 500,000$ profit, and once you have made that mark you get a check written to you for the initial 10,000$ you used a kind of collaterol.

You are making yourself a mark for an easy sale right now.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

For farm rural property loans, will be harder to come by if you want to get money out of your property, a good rule is to plan on keeping a land property for at least 10 years.If you goal is more cash flow related, you might want to look at buying single family, duplex, triplex or quadplex properties, these are the easiest properties to finance, and there are hundreds if not thousands of lenders in this space. 

Although I myself had been using it, I can see such a space nowadays used to run a home business or remote work requiring more home work space.

Quote from @Mark F.: Quote from @Michael Brattelli: @Tom Hall Values in NJ certainly aren’t going down right now.

We fenced in the property and added a fence in middle of backyard to split that space too. 

The current concentration of most in that space is trying to hold long term.