I would find a dumpy house nearby and lease option it to her for the money instead lol

@Adam Kay, Buying nearby is ideal.

@William CoetHi William,Maybe the franchisor can give you some guidance as to what is most likely to be successful quickly, such as a particular range of traffic patterns at particular times of the day, as well as distance to nearby competition, size of town, part of town, income brackets of potential customers, etc...They do make good doughnuts and coffee, and offer a nice seating area.

Parks nearby?

R-22 will still be around for quite awhile there is quite a stockpile built up of it.

I found a property nearby that Caliber Home Loans (hedge fund lender) has taken via foreclosure from the owner and the property is sitting vacant since Spring.

@Sarath D.You might be able to find some good rentals nearby but if not you can always go remote which is what most high paid professionals do.

The potential property is in a city nearby and has been on the market for less than day as of this post.

I plan to stockpile the first year of payments so that if I have to foreclose (and I hope I never do), I will be able to make my payments on the underlying mortgage until I can get the property performing.If the bank calls the due on sale clause I will either have to come up with the money to pay off the balance, or sell the note at a discount. 

If it's a scrape, then the property is land value minus the demolition costs (figure up to $10k for that)See if you can find the values of some nearby properties to get a feeling of what it may be worth.