@Melissa KirchhoffSo just so I can get the steps in order. 1. submit offer under partner name2.  

I realize the future of this land is a condo complex, walking the property it has ample room for a 40 unit complex no problem with enough parking.I have some first hand experience with rentals but nothing to this caliber, what would be the steps for me to take to even see if we could achieve this?

It's a small initial cost $5k I'm not sure it's allot to loose the place will cash flow at close to $2k a month once rented so worst case scenario I make my money back once or twice and then loose a friendship. 

Am I doing something wrong or missing a step?

Here are the 5 basic steps:  First, you must define your niche and develop your business plan.

., Maryland, and Virginia and what steps did you take to be able to do so?  

This will include the senior position mortgage, property tax liens, HOA liens, and utility liens.Where people get into trouble is not researching which position has initiated the auction and then later come to find out there are hundreds of thousands of dollars still attached to the house.

Or like what the step by steps may be during the process.

We stair stepped the rent up each month to give them additional time to adjust or find new housing.  

What's my next step?