Just closed on one for a client over the hill in Reno, NV, that was sitting on the open market and they took an aggressive offer. 

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

The use of the line depends on the goal and exit plan.

Should we sell this one and invest in a new one and start fresh?

i would not buy a random property in Alabama that you find on Zillow and turn it over to people you've never met just because the price point is appealing.here are some threads on how that can go:https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/48/topics/1137397-balti...i own property in 3 states - happy to answer any questions you have.

(Their offerings are now on a portal called “Swell”)One of the current offerings is a loan to a developer in Denver, offering 11% and maturing in Aug 2025.

Number one, do you have a comp from another land lease property.

Peter Lohmann’s newsletter is a solid source for staying on top of national trends; I’d recommend subscribing if you haven’t already.In Texas, I’ve noticed increased activity, especially in the Dallas-Fort Worth area.

@Jason LopezIf you only have one rental or a few I would worry more about how to get more vs trying to put each one in an LLC. 

They did have one then took it off the app store.