Now you can sit back and wait for the cash flow to start rolling in.Depending on the particular deal, you may receive either monthly or quarterly cash flow distributions, and they may start immediately, or not for a few months.Regardless, you should start receiving monthly updates as soon as the deal closes.

At 4% on a multi unit property is pretty darn good and allows for the cash flow margins to flux with the economy and I would still sit just fine.

We would like to keep this land as well as find a way for it to generate a bit of income for us.My question to you is this...Does anyone have any suggestions on how to monetize this piece of land as it basically sits vacant 360 days a year?  

We try really hard to use a just in time delivery system, so materials sit for as short of a time as possible. 

I don't think it's likely you would be sitting on a vacancy for that long honestly, especially in the 'landlord's market' that it is still is. 

Hey Eric,I would really recommend sitting down and writing out what you WOULD be doing if you were present and could do it all.

You're waiting on your water to be refilled, as your cup is sitting there empty.

If you are willing to sit in traffic for hours and deal with smog, you are not going to care about this.

I haven’t spoken with the agent yet, but there are claims on the listing that the property sits at a 0% vacancy rate.

I think, currently anyway, that investors are shifting/protecting their wealth by buying in better-insulated cities like Raleigh/Durham, Charlotte, Greensboro, Austin, Dallas, Columbus, Indy, and anywhere else where there is job growth, population growth, property values are undervalued/affordable and they can find either cash flow or appreciation.So, to answer your question, I think the strategy is to continue to buy in these markets when the numbers make sense and not sit on the sidelines waiting.