Then take next best highest and use tenant and figure out rent per sq ft they could pay.You could possibly sell the land to an end user tenant, sell the land to a developer and make a spread, ground lease the land, or do a NN or NNN lease and construct the building.You need to analyze the tax implications of selling outright and paying higher short term gains capital tax versus developing and then converting to a new value created loan of 65 to 75% LTV.

Its in the Old Colorado City (some compare it to the next Denver or Portland with the "hipster"/millennial influx) with unobstructed views of the mountain range and Pikes Peak, which really drive up cost here. 

Price is relatively cheap compared to other areas of the country and other areas of the state.

Real estate agents can help you with comparables.

My mom and dad went on a trip with him, saw the spring bubbling out of the ground, and immediately bought the land he was selling.

Here are the details:List price - 260kOffer - 240kCounter - 258kI held my ground, sent back the same offer with an extended amount of time to make a decision, as well as pushed out the P&S another week (I knew the court system would like this) and they came back at $242500.  

A successful short-sale typically benefits the borrower (homeowner) in the following ways: it can give them more time in the house (and payment-free); it is better than a foreclosure from a credit report perspective and wold allow him to obtain a new purchase loan for a new home in the future more quickly as compared to having it go through foreclosure.I would encourage you both to reach out to a local realtor with short-sale experience and have them facilitate the transaction, it would not cost you or the owner the commission as it would be paid out of the bank's proceeds.No, in a short-sale I would definitely not offer any payments to him directly that are not known and approved by the bank, you can get yourself in hot water and probably legal trouble by doing that on a short sale.

I want to skip trace for cold calling, come to find out after comparing property address and names to what's recorded in the county assessors office; they are different.

I currently own five SFH rentals and would like to know my options with those compared to purchasing something/s new which the exchange.

I've also seen it at Home Depot and Lowe's but not in many varieties.Product seems like the best of both worlds and at a comparable price point to standard LVP.