Perhaps if you could find the right piece of land in the right location you could do well I just think it’s a hard market right now.

Without knowing the specifics of (1) your personal situation and (2) the particular property market conditions for the property market your property is located in and (3) the condition of your house, etc. it’s impossible for anyone to provide meaningful advice concerning whether or not to entertain this offer.Many states have standard contracts and procedures which have all but eliminated the need for an attorney when the sale of real property is done utilizing the “usual” methods of financing and ownership transfer.  

So, that means moving those items which are typically located in the basement here to somewhere higher up in the house which isn't cheap but is doable.

The laws and procedures vary depending on your location, but in many jurisdictions the laws are very favorable towards both labor and material suppliers and can be costly to untangle.

What do you plan on investing in and have any locations in mind?

Its located near UofH and very close to Eastwood.

Given I'm not from here, I'd love to hear everyone's input on the best locations for optimizing this strategy.

It’s the prior property manager that is claiming I need to file for funds they collected and passed through to the owner for 9 months of the year.

She purchased 2 acres of cleared land that currently has a small house that was built after the main house on the land burned down years prior.

I see that you are located in Florida, that’s one of the markets I am looking at.