Raising Capital for Real Estate: How to Attract Investors, Establish Credibility and Fund Deals - Hunter Thompson6.

However, then you will need to look at whether or not just receiving lot rent will produce the ROI you need. 

Rul. 82-61, 1982-1 C.B. 13 ( in the ruling, In addition, the participants in the organization must own the property as coowners, either in fee or under lease or other form of contract granting exclusive operating rights, and the participants must reserve the right separately to take the property produced in kind or dispose of their shares but may not jointly sell the property produced.

That should attract competitive offers, including cash offers. 

Because these are personal and not commercial investment property mortgages, the structures are very attractive - 30 yr fixed rates that are around 3.5%, 20% down originally, with no prepay penalties, reserve requirements, etc.

Because these are personal and not commercial investment property mortgages, the structures are very attractive - 30 yr fixed rates that are around  3.5%, 20% down originally, with no prepay penalties, reserve  requirements, etc.

Then you have an asset that (at least) some people will find attractive. 

I'd get going on a loan now.FWIW, a paid-in-full property is a target for a lawsuit, and well-leveraged property is much less attractive. 

It's a decent little rental that produces some cash flow, but we simply got traditional financing for it, requiring at least 20% down.

There is such a lack of inventory with real value add propositions in many areas, so it is likely that the property will attract many investors.