I want to be an honerable man, and find a way that I can keep these investments as a positive situation.

The key is to be consistent in your actions.

Brendan Harrison Listing agreements are contractual arrangements between the listing agent and the seller...The seller pays the commission, so if you don't use an agent it doesn't improve your position.

it sounds like you would have to bring a action to quiet title which settle any claims to the property Contact an attorney 

Our goal is to obviously have good positive cash flow, to re-invest in more property.

As a agent I look at the comps and I'm almost positive its worth at lease $380k- $400k. 

My thought is I can buy the raw land, and sell it back to the owner of the main parcel, who recently purchased it from a bank as an REO.The property has access to a main road without going through the other parcel, but is currently behind a contiguous fence from the other parcel.Does this strategy make sense, or am I putting myself in a poor position by doing this.

Without knowing what is driving the industrial market in OH, how the building is positioned within its submarket, likely tenant pool etc. it would be inappropriate for me to comment on lease up probabilities. 

But I'm not positive

Here are the positives and negative in my opinion.