It’s also become evident the seller knew of the encroachment prior to listing.

In the prior years it seemed all syndicators made money due to cheap debt, now it seems you have to be able to capitalize on somebodies mistake and get in cheap, same as buying a SFH. , now if specify those who sydincators who did  Exactly, for example we run a fund and have zero debt.

@Sam Dal Passive activity gains, such as those from a sold multi-family investment, can only be offset by passive losses, including accumulated ones from prior years.

The one who bragged about buying houses with negative equity, cause he was buying sub2. https://www.biggerpockets.com/forums/61/topics/1190869-im-bu...Okay, wasn’t following prior threads.It seems like there were a few ways around this.1.

In Parts of the SF Bay Area its mandatory prior to changing owner ship to see if you have clay pipes and if you do they must be replaced with a new waste line.

Seems like the few people I talked to that are selling land in Florida are trying to sell it above retail without understanding that most of their potential buyers are going to be builders. do Not buy land in FLA without doing full due diligence  on all aspects . there are environmental gotchas that you need to fully suss out prior to waiving due diligence

What else should I be working on in the meantime prior to listing the lots for sale to get ready for this sort of transaction?

I would do all of those prior to giving up 50% upside on a physical RE investment to someone who has little risk, and is offering their time.

Then get photos and get third party verification that everything was done right prior to making your final payment to the contractor.

The sellers have not been responsive when asked to provide that information, which is why I was wondering if it's a typical practice prior to submitting an offer.