@Chris Mason I really do love that approach.

These deals were of market and brought to me by my bird dogs.

Is purchase option the best approach?

The appraiser had a hard time finding sale sales comparables because only 2, 4 plexes sold within the last year in the area. so he did a sales comparable approach (which came out lower than the purchase price) and an income comparable approach (which came out 30k higher than purchase price).

The appraiser had a hard time finding sale sales comparables because only 2, 4 plexes sold within the last year in the area. so he did a sales comparable approach (which came out lower than the purchase price) and an income comparable approach (which came out 30k higher than purchase price).

We have realtor who brought us a potential tenant that is very interested in the property but.... they recently lost there house to foreclosure.

I like their approach, because investors focus on what sells; they don’t have to deal with sometimes overly-critical owner occupants.The rehab will kick off next week.

From what I've read about riparian rights on the East Coast, one would be rather limited in their access and use of the water that was allotted to their property.For those that have successfully invested in real estate/ lots containing private water, what was your approach?

For a single member LLC or husband/wife multi-member LLC, the DIY approach is acceptable in my opinion. 

If you have a realtor I would have them approach the selling agent.