Have a purpose for the land.

If it's going to be more than that, make sure you have everything well documented because she will likely make your life hell over that money.

@Alec Raven this is our "bible" for PMing.https://www.legislature.mi.gov/publications/tenantlandlord.p...Does your state have something similar?

Glad to have you on the forum, Tyler! 

I have a lot of clients and friends looking in the market.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Distressed commercial assets, as most good real estate, come from building relationships over years, not from buying a program, getting a good SMS system, and making a flowchart on how to be the best.You are  trying to skip the steps that all long-term investors have mastered, knowing other investors and leveraging deal flow between each other because the trust is there.

What kind of exclusives in the area does the current tenant have?  

If you buy a median priced home in Detroit today ($90,000) and have to put $10,000 - $15,000 into a rehab, you may not cash flow.

I also have a LTR single family home with positive cash flow.