Every person's choice is own or rent.

How do we get around this other than showing proof of personal funds for the 25%??

I set my restrictions for something like inside of my PMS mainly, but I do know PL has the capability as well, even though I don't personally have that exact setting.

In my personal opinion, it is certainly not worth 20K. 

HiI am looking to invest in Spartanburg, SC and looking to learn more about this area. 

Lessons learned?

I am a new investor and have learned a lot with this deal.

However, 80% of tenants in a recent CBRE survey expect to increase their spatial requirements over the next three years, indicating a shift towards in-person work and future growth.While new demand remains slow, these lease renewals are a positive sign, laying a stable foundation for the office market's recovery.

I like the idea of not using and agent and instead learning to do the purchase contract yourself with a local lawyer.

Given the details here I'd say no, you should take any development thoughts off the table because to do that is not something one simply learns over night, there is a lot to it. $209k is very cheap for 40 acres, so that offer could be a person interested for hunting land and nothing I'd get excited over, and I wouldn't assume it means anything other than you could sell it for $209k.