My r/e experience doesn't include this kind of thing, and I need help in evaluating and putting this together and knowing how high to bid and when to walk away if need be. 

Hi Suzie R.

@Francis R. why do you feel she is not qualified? 

Thanks @Matt R.  

@Bradford R.

The bigger names (Walmart, Target, Ashley Furniture, Toys R Us, Sam’s, etc.) have all come within the last 15-20 years and there continues to be new development.Goal:The motel isn’t worth nearly as much as the land that it’s on, so we’re trying to sell the land for re-development.

Please advise.Thank you,Faustino R.

@Jonathan R McLaughlin in regards to the proper accounting of security deposits, wouldn't the consequences for improper handling of deposit money fall on the seller only?

@Andrew Caggiano - There is a Memphis forum https://www.biggerpockets.com/forums/752-memphis-r...Not sure if you were looking for that one or something different.

Long story short I purchased from him for 33k, rehab was cost about 42k, my note is 350, insurance is about 70 per month, rent is 1k per month, 25 % for M&R and cap ex.