Warren Buffett says whenever you get money to invest, you are better off putting it into your best idea rather than your seventh-best idea (the concentrated portfolio approach).

Her advice, candor, helpfulness, and willingness to do what it took to secure me the best possible outcome was incredible.

Well, I tend to approach my knowledge as a real estate investor divided between BBP (Before Bigger Pockets) and ABP (After Bigger Pockets). 

@Sam Shueh Agree with your approach.

Incredibly helpful!

Account Closed Please feel free to offer advice on other avenues for me to explore, as I am trying to learn and approach from all sides. 

I can think of a few other ways to make use of the land, perhaps, to collect revenue, but for now, from an investing standpoint, how would you guys approach this deal assuming its a good one ( low monthly payments, no or very low interest).Is it uncommon to have contigencies in play in case I can't make use of the land or sale it to someone else within a timeframe so I'm not stuck with a bad investment?

My father-in-law approached me and my wife about turning his current sfr in Metairie, LA into a duplex via ~$100k add-on project.

if the only option that would work would be seller financing I would approach them with that first.There are several people who do short term rentals on here, I could put you in contact with someone who runs a business managing these if interested. 

So far, Bigger Pockets has been an incredible resource for me.