I see your point and you are correct, In his position I would love to not be liable for the actions of my dog.

He offered the land to me at cost, along with his counsel.I also have a connection to a local contractor with a good reputation, a positive history of partnering with investors, and knowledge of the area.I'm cautiously optimistic, but I realize that I'm ignorant.

If the mortgage foreclosure Just happened, there may be a redemption period (which you could be in a position to have the title company negotiate for you); since the bank sold to a developer, the title company would need to contact them.Another piece of the puzzle is the deed; who signed the deed to you, when, and what kind of deed?

I'm planning to buy rental properties and hold them for positive cash flow.

It has some distinct positives, and some major negatives.

As long as you have positive cashflow, your tenant is buying the property for you. 

I know this is one of his first flips as a lead contractor, and I want to stay positive with him because I believe this is the best form of motivation, but we also have a deadline and need to have it completed by then.Best,Matt

Our buildings in Hartford and Bridgeport are all positive.  

Thanks Thomas, I listed it FSBO before it was totalled of course, showed it a couple of times but no luck, at that time I was asking for 5k as a down payment but now I'm not in a position to do that, I need to sell and collect because I want to invest in something (even though is not a lot of money)

It would be great to get more feedback (positive or negative) from BP Investors that are also Realtors.