OBX doesn't get as much vacation traffic and lacks many of the attractions you'll find here in Myrtle, not to mention our award-winning airport. 

Entitling the land produces value with paper lots.

But I'm having trouble finding attractive deals.

He has a sign in front of the property with his phone number to attract renters, but he does not currently have the property listed anywhere on the internet (no yelp, google page, etc.). 

If for some reason you want to pay it off sooner you can or better yet invest that cash flow into other income producing assets.  

If the hot housing market cools down, and if the economy and stock markets experience decline, multifamily syndications are a very attractive alternative, providing stable distributions for years to come. 2.Investors are investing in physical assets, which appreciate during inflationary times.

Which I found really attractive personally. 

Also, I'd try to get this on a longer term to make the cashflow more attractive.   

Only thing is that I recently started a new business less than a year ago that produces a ton of cash but I pay myself a modest salary. 

If they assess you for an amount higher than you paid, then you can produce your closing HUD statement and they will drop your valuation to what you actually paid.