Hey @Brett Lambert, this sounds like a unique gem tucked into the majestic Redwoods.

Use your RE background and make sure zoning allows and there are no hidden grandfathered requirement if it switches use.Sounds like you have the $600,000.  

Found this gem through a wholesaler who swore it was “the deal of the century.”

Evaluate Property ConditionOlder Chicago buildings often have charm—but may come with hidden costs.

I don't consider them hidden gems.

Often times, there's houses or land worth $500k listed with an opening bid of $30k which is a fantastic deal; however, if you were to win the auction, there may be multiple liens and $100s of thousands of hidden fees that you have to pay at once (based on what I read online).

Best of luck—sounds like a cash-flowing gem!

Competency and Communication are key for me as well as No Hidden Fees.... 

In my experience, Birmingham is a hidden gem for real estate investors.

they delay delay delay, then lie, then add hidden fees right before closing.