it depends on where this land is.are you talking about CA high desert lots  or lots down in Lehigh acres Florida.. those are about the only lots I know that sell that cheap other than inner city mid west northeast were land has zero value because you can buy homes for less than replacement costs.If its lot and block  you will have a definitive legal description.. if its in the boonies it will cost more to survey it than what your paying.the big issue is size  most likely at 5 to 10 it has zero public utls maybe power.. is it big enough to put a well and septic on.. if its got a public water system will it perc.. title company will handle the pro rates that simple.. and title insurance is always wise.but really need more info to make an intellegant response.need.1. location2. size3. served by any public utls  water, sewer , power4. topography those are your basics

@John AkoltBelow I copy/pasted from another thread a hard-to-find description of this "allocate more to land" strategy provided by its author @Brandon Hall (For the record, I think this strategy is debatable, which is exactly what I will do shortly.)

Kevin, Thank you for your descriptive response and that is exactly came to realize and it is exactly where i am currently stuck at. so for me i have 2 choices 1) buy a crap property and rehab it in a bad neighborhood where my payments will be less than a civic 2) pay full price for property ( i need to save up then) loose a lot of cash 3) pay 50% down, ill loose a lot of cash 4) wait ... ill pay a tonne on rent Hence my dilemma. 

@Yolanda Williams From the sound of it, your description is making the sale of this property seem like it should be classified as the sale of a business asset instead of "flipping". 

Many times they run incentives for investors doing business near their geographical area.You can also ask local commercial brokers.

Heavy value add vs. cash flow, different asset classes, geographically, etc.

Based from description alone I'm guess it'd take more than 30k to get your house to match this houses condition.

It would make a world of difference to your listing.The description could use work too, why don't you highlight all of the new upgrades you did?

Come time in that final hour for a buyer to docusign to make an offer on a property, of the 10+ signature initials needed, often there is a few pages of buyer/agent agreements mixed in from the agent to docusign, in binding buyer; me to that agent’s agency for a period of time, and geographic radius to purchase from them or crediting them if I do purchase..….I go back and ask for contract agreement to be property specific, .

Any chance you could give a brief description or lead me in the best place to get more info.