As I expedited a few of them themselves are interested and one has put me in touch with a potential lender.One other train of thought is have you talked to a commercial portfolio lender at all?

Obviously no conventional lender would touch this property, which I suspect is the reason it has been on the market for over two years. 

Hope to keep in touch and look forward to both our successes who knows I might have to look at the shipping container homes as well!

I would get in touch with some banks and see what kind of seasoning period, if any, they have.

Yeah I wouldn’t touch that..

If you never get in touch with them then you can't buy it.

The seller could be saying 'it's livable' but the 'fully redone' might just be cosmetic touches, new paint, new fixtures, etc.

This money will not be touched during college and I will continue to save.

If they're not, it's a long and involved (and expensive) process.Most often, the larger parcels will be developed into graded lots by one of the regional development companies, then sold to regional builders to construct and sell the finished homes (and potential commercial components).Smaller developers (like myself) can take on the smaller parcels (say, 10's of acres) that are too small for the regional companies to touch - there's an opportunity for your client to partner there and capture more of the profit stack if s/he's interested.Regardless, there's plenty of brokers who work in the space and broker between land owners and developers for owners who aren't familiar with the business. 

The bank can either accept your low offer or you can walk away  No normal (non investor) buyer will touch this house.