I would have to conduct an environmental analysis (probably included in my loan) but from getting in contact with the seller of said land nothing seems to be wrong with it and they are pretty open about striking a deal. 

It's also important that you conduct your research or seek advice from experts.If you have more questions about this, you can ask me directly. ;)

Based on my research, it seems that the checkbook model is faster for conducting purchases, but puts more responsibility on me (as LLC Manager) to perform the due diligence on the investment, ensure the transactions are compliant and maintain the books for the LLC. 

This means that you learn the language and metrics of CRE and how to apply that knowledge to conduct pro forma analysis.With these skills you will be able to hear, speak and understand how every CRE asset type and the general financial industry works.

Conduct due diligence: Conduct a thorough inspection of the property to identify any potential issues that could impact its value or require repairs.

By working with clients and especially investors you will expose yourself to many properties types simply by conducting showings.

This frees you up from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments to focus on higher leverage activities.Let me know if you have questions and I'll be glad to share more insights.

It's crucial to conduct thorough market research to determine the potential for growth and profitability in a given area.

REITs offer diversification and passive income but lack direct control.Conduct thorough due diligence: Regardless of the property type, conducting thorough due diligence is crucial.

-Conduct thorough online research to gather unbiased information about the real estate market in youre area.