I think a big missing piece from the puzzle is where are you at personally with your income. 

I recently came across an off-market piece of property in Delta Utah.

I would set up a family trust, if you have a ton of equity maybe you refi the properties into an LLC but if you are locked in with lower rates then I wouldn't touch the ownership piece yet. 

Percents and "doubles" are useful pieces of information, but what is the net amount we're talking about?

Hey Pat,Thank you so much for your detailed reply, the tips and  pieces of advice you gave really resonated. 

I can also say buying new with a warranty can provide piece of mind. 

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Not surprised about what you're experiencing ,this guy is a piece of work SMH.

My biggest piece of advice is to learn to "get comfortable being uncomfortable"!

A critical piece of info here; what type of property is this?