I don't plan to purchase for 3-6 months, I just wanted to be certain that these types of deals were even feasible.

In the scenario you describe above of having an attorney create one during the closing process, would that be feasible with traditional financing?

The concept of owning multifamily property and operating at a much larger scale became much more feasible and accessible to me as I understood how others achieved success and noticed that many of the successful operators were like me and/or didn't have several key advantages or experiences.  

Anyone that has structured these deals, surely knows more than I do:(  Please help me see if this is feasible. 

Aside from the cost and feasibility of the flip, a bigger concern may be the disclosure requirements for the chemicals that were stored and utilized on the property.

. - finding the right list, sorting it adequately, sending out the right message and handling the responses as they come in).Learn how to do proper due diligence (figure out all the relevant details about each property, learn how to establish a ballpark value for each parcel and make appropriate offers that will actually allow you to make money in the end).Learn how to list and sell properties (understand where to list them, how to attract the most attention, how to offer a value proposition that buyers actually want, all while acknowledging that some properties will inherently sell a lot faster than others... and this is okay).There's a lot more to be said about the process as a whole - but this is the "10,000 foot high" overview of what you'd need to figure out in order to operate a feasible land investing business. 

But... is it feasible?

The reason: it takes 6 weeks to 3 months to get a sheriff's deed, so the collateral that the lender would seek isn't feasible until you get that deed.

Keep in mind if you have a few people with 100-300k each, taking down a $3M building is totally feasible.

I want to be able to pitch this to an investor willing to hold a 15-30 year mortgage..... does anybody think this is feasible?