What kind of investing do you want to do? 

Even more common with many cities wanting to spruce up main street.Can get complicated. 

I'm pretty sure they'd want to know, and they're probably not going to be happy about it.But even without any legal obligation, I'd have to say it's at least common courtesy.

Of course, I would want a title search on the property to make sure their are no other liens that could affect the sale, but can you tell me if you have any experience executing this kind of sale?"

Is it common for mortgages to have restrictions on another use on the land?

Like, you can't pay over $45k and make a decent profit(15-20%) kind of work - foundation issues, new roof, new siding, new bathrooms, new kitchen, etc etc etc.

I went to my local realty shop and the kind woman in there showed me the values for houses in my town of Staten Island in NY.

@Brian Orr - Delaware is (one of) the most common state for corporations to be set up in.

you can go to turnkey reviews and look at reviews of a hundred different TK companies in virtually all markets and there is live or for real inventory on the site that you can view without getting in a squeeze page etc.. kind of like the Yelp for turn key companies.. 90% of the prominent ones in the US are on the site.

This is very common in your market.