If the business sells (it’s currently listed), the rent payments would stop, but I’d still own the property as an asset.

@Susana Alcorta, Howdy, you have a lot to consider, let me give you one man's opinion.Let's tackle the selling the home or not in Pflugerville.  1.  

They are more useful IMO for getting chunks of equity right off the bat thru value add and then either realizing that equity by flipping it and using for a down payment on something bigger or hold a couple years and then sell at that point to do that then. 

The one guy I spoke with said they make money only when they sell to potential investors and they only sell new construction homes that are usually pre-leased to buyers (currently they are building in Texas state and Missouri State).

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

Currently selling two SFRs to 1031 into a seller financed 9 unit mixed use property - I am still excited to learn new strategies 13 years later.I have some of my investments on my profile and some info regarding each.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

Seems like they aren't in a hurry to sell if it's been on the market that long and they have raised the price.

You can get eaten alive in the Baltimore market by people selling you Class D properties "dressed up" as Class B.

They want to sell for as much as possible.Use the broker's pro forma as a thumb to the wind guide for your interest along with the rest of the offering memo (right location, asset class, etc.).