I’m based out of Indiana and have put up around 50 bandit signs in a decent size city. 

East Atlanta has already seen a good portion of its growth IMO (Reynoldstown, Edgewood, Peoplestown, etc.).

The bigger concerns are the vacancy control portions of the "rent control bill". 

Couple that with $2k due dilligence fee I suspect a large portion of this lender's revenue is collecting fees for deals that they do not fund.

I too am curious about the implications regarding insurance, statements, and seller credits at closing.With regard to the bank statements portion, designating and third party servicer to whom you send your monthly payment, who then actually pays the underlying mortgage and provides an accounting could help alleviate those concerns.

And of course you need to make adjustments for lots size, and bunches of other details.

LOCATION--Is it near Omaha or a decent size city that is growing?

Also, FYI, you can't roll a tiny home on it (says the county) but you could probably build a tiny home sized home.Anyway, like I said, this is just a bonus and my curiosity has me wondering what the end buyer could do with it.  

The tough part is they will want a portion of the placement fee and not pay commission, that's breaching their fiduciary responsibility. 

Similarly sized houses that have been remodeled sold for about 280,000ish within the past year.