I agree with Nathan (don't forget to price running extra water, sewer and electrical lines).  

Bank pushed us to 40% down payment so also executed a $85K seller carry-back loan to cross the finish line.

@Paul Lucenti  "I don’t believe there can be a bad asset - if something is lining your pocket and you are establishing equity, that really cannot be bad.

Buying Government ProductDuring our time getting to know one another, Ron told me he had been buying government product from a guy I had known PPR was purchasing government product with, Wade Carroll.

Sewer- Septic or sewer lines. 

So that's a silver lining at least.  

I've had this line in my profile for like 5 years.

And I was thinking the 2017 10 year was based on the market starting to really crash in 2007  Thanks Jay, theres still alot of slab on grade mcmansion going up from folsom t ok elk grove along grant line road....I mean alot!

This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?