And preparing a building site and installing a driveway are further considerations if I even decide to build something there.

Curious on others thoughts and considerations

Some people that my broker knows spent money on an attorney to draw up a contract who meant well but caused more harm than good.

Typically, you'll have something like a 10 year draw period with interest-only payments, and then the balance is amortized over 20 years.

These kinds of developments can be huge draws for both residents and investors.

The court forms do not track this type of eviction so based on your sophistication you may spend a considerable amount of time and if you are off in the slightest the court will withhold judgment. 

Then once you have your goals articulated you can draw out a road map that will get you there in time.

I have a considerable amount of cash tied up for possibly more than 2 months.  

That's a very good point taking the potential further value decrease into consideration (like when running the ARV for pricing it out to the end-buyer), so it makes sense that, like you said, it would have to be a great deal.

Maybe I'll need to give it some more consideration, haha, especially because we could probably actually go see some properties in person that way and she speaks passable Japanese.