If there is a title issue or an encroachment then the buyer is entitled to a refund of the EMD.I feel like there is a missing piece of the puzzle. 

I get the distinct impression that these folks genuinely think that this rather mundane arbitrage program, coupled with forced savings, and placed into a very high cost insurance product wrapper earns 20% ROI when in actuality they’re looking at about 1/3 of that.

Most think oh buying a piece of land easy - but do not realize it may not have utilities, right of way, may be non conforming or swamp land..

Quote from @Joe Farrance: Hello, Currently my business owns a piece of property that is paid for and has a corporation tied to it.

when you're making money everyone wants a piece.

There are two pieces to the loan calculation - loan to value (needs appraisal), and debt service coverage ratio (rental income vs. mortgage).

. - I was in a VERY similar situation here in Chicago, but I had less experience working on my own than you.I had a piece of land that I owned free and clear, but since I didn't have any development experience, most of the banks wouldn't talk to me. 

My late wife and I held joint interests in a piece of real estate in our separate individual self directed 401k accounts.

Piece of mind?

For some they just want a quiet piece of land to spend time with family and a rocking chair on the porch.