Here are two pieces of advice I can give:1) If it works as a rental, then go with that.

On that same piece of paper, we also ask them to tell us what specifically they're looking for in terms of ammenities, location and how much work they want to put into a property.

I like young, cocky realtors for getting information (they love to show me how smart they are) - then old, stealthy realtors for getting bits and pieces of the real story and making offers. :-)(FYI - I feed the young guys though - made my realtor 7k richer in January alone.

We come across a piece of Multi-Family zoned land for $20,000.

You have to look at the whole application package, and put all the pieces of the information puzzle together and see that they fit.

That little piece of crap cost me $2600 NEW and did 115 MPH!!!!!!!

So it fell upon the Railroad Authority, in which my Broker Bob Hay participated in and Chaired for awhile, to piece all of that back together.

If you've ever bought a car, you can handle buying a piece of property.A letter of intent is really nothing besides writing a letter that says, "I intend to buy".

For example, ABC, LLC is the umbrella LLC and I form ABC, LLC Series A to hold title to a piece of real estate.

Reasons vary as to why we have not settled on another piece of property, mostly due to zoning restrictions in our town.