An investor is risking a lot of money and the only pay day comes at the very end once sold (in the flip model).That said, I do agree that a strong relationship with trust is essential to both successes.

I don’t know what that figure includes.Taxes = $1,743/yrInsurance = $1,817/yrUtilities = $1,459/yr (water, sewer, trash)I put all this info in my cost model.

In this model, the custodian holds the funds and executes transactions on behalf of the IRA at your direction.With more interactive or time-sensitive investments, having that 3rd party custodian as the processing layer can become inefficient in terms of paperwork, delays and per-transaction fees. 

Their entire business model surrounds purchasing land inexpensively.We have found that, in the time it takes to develop an urban tract of land, you could have flipped 20+ properties to professional developers and generated much more equity for your self without the risk associated with development.Hope this helps and I wish you the best.

I agree with Kevin's comment below that Keller Williams provides the models, systems, and training necessary for full time or dual career investor/agents to be successful.

@Mike G....if you went to the bootcamp and you follow that model...you know this is a bad buy.....unless this is in california or somewhere where the land is easily worth more than what your paying...but im not a speculator or in the raw land business....so my advice is very limited.Advice....i would throw this deal in the trash and keep looking for other parks....keep them in your Rolodex of follows up's...but follow up in like 6 months and if they still haven't sold it to someone and haven't come down to real world prices..then just call them back in another 6 months.  

It sounds like you already have a proven model.

@Brian Eastman -  That is a good idea to model the Roth option as well.

Commercial attorney that is familiar with retail and negotiating leases.The QSR you need to know their model and what the average store does per year in sales.

Bill is right you can adjust the model slightly and buy fix rent and then evaluate instead of buy fix flip.