Do i guarantee a percentage increase in value... do i exchange it for profit sharing in the business or perhaps just ask for a higher yearly rent to make up for it?

I wouldn't do anything on "her land",only if I owned it outright.She is obviously doing nothing with it and can't afford it so,she needs to sell it to you if she wants the taxes paid in full.Come up with some firm building plans and the financing to pay for it and then go to her and offer her a percentage of the profits till she dies in exchange for ownership now.With 25 acres,I would be building nice apartment buildings for that area and charging market rent.Dump the ball fields and other garbage and start with a full clean slate.

It would be easier if the house has been on the market for a while, and you offer a bit more than what others have been offering on the property in exchange for the potentially longer closing. 

I have met a person who I have exchanged contact information with, but I never asked what exactly what kind of business relationship that he was looking for.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.

I have a projected budget, but I'd like to be as precise as possible.

I am currently wholesaling out of the Chicago Suburb Areas, so if there is anyone interested in helping me out in exchange for a profit share, I am open to ideas.Also, I made the mistake of not filtering by equity on my current mailing list, so I have been getting a lot of time wasting calls from people that are upside down in their mortgages.

At this point I am just trying to screen properties to know if they warrant looking into, and I know that I need to be as precise as possible after the offer when doing my due diligence, but how specific do I need to be with the expenses when trying to figure out if a deal is worth my time?

If you exceed the deadline, this is treated as an incomplete 1031 exchange and a taxable event occurs.

I'm sure you're a busy guy but I'd love a chance to connect in the near future, in exchange I'd certainly be willing to help any way I can if you're looking to invest in the Wilmington area further.Cheers,Kyle Sailor