The monthly total is $2020 and I have 3 families willing to pay a lease option price of $2200 monthly with the ability to purchase the house in three years at the price of $320K.Any thoughts, suggestions, or criticisms would be greatly appreciated.

A visit to the market and a tour with the provider is critical before closing on your first deal with them IMHO.

Gross negligence is also a failure to act, but with a critical difference.

This is critical.

Because if they did, they would know they work and they would be using them all the time-Only rookie investors and people who have never done a deal criticize signs.

However, I can provide some general guidance on other factors that might be important to consider when evaluating a residential subdivision lot for investment purposes.Some factors to consider might include:Location: The lot's location is a critical factor in determining its investment value.

Property Management is critical.  

It would help if you have an established relationship with them, but isn't critical.

.$150 for a sewer report that was purchased by the owner (I don't recommend but time was of the essence on that particular property).Usually the cost is standard depending on the location the property is in.I recommend calling 2-3 for quotes.Better off paying more if they truly know homes rather than a "steal" and they miss critical items.

My wife used to be a trainer for Floyd Wickman she trained hundreds of agents over the years how to get to the next level.there are very specific sales techniques that work for real estate learning them and using them is critical to making the bigger dollars in the industry.Myself I grew up in it and I learned at the weekly meetings with 20 and 30 year veterans and we would just round table scenarios and the things I learned on objection handling and how to set a client up to be closed was the key to my success in my early days of working at the street level.