If it isn't spelled out before it will be challenging throughout the entire ownership.

If you are not an agent, you don't have to do any of the things you suggest.The challenge is to make the seller understand the truth, that you are NOT acting as their agent in this particular transaction.

I did purchase some cheap lots that were resold..but of course there are more challenges and less demand for land...especially for land that isn't in the middle city.. 

But what I'm finding challenging is just getting the chance to pitch the service to new agents beyond those I already have a relationship with.I've come up with some ways to make my service easily accessible, including offering every new client a free sample set of tours and also offering a "don't pay until the property sells" deal where I cancel all fees if a listing fails so the agent is risking money on a deal that doesn't pay off.

Market for Tenant Buyers5a) Start a WordPress Blog about Lease 2 Own, what is in it for the Renter or Credit Challenged FHA Buyer; go to ipage.com , get a domain like PrescottRentToOwnHomes.com if you lived in Prescott AZ5b) Get a Tenant Buyer site at OnCarrot.comSeehttps://oncarrot.com/rent-to-own-website-templates…5c) Get a BIG Sign on the front yardRent To Own HomeRent $110024 months or less666-xxx-xxxx 24 hours rec message5d) walk door to door 50 houses next to house in neighborhoods.

I already know the challenges that I face ahead of me as far as finances.

I have had some very social friends who lived on flag lots in NJ, it really was only a challenge when people couldn't find their place.

There's a whole set of challenges when working with senior lenders, including how to get the darn payoff, how to reinstate, how to insure, etc.  

Either way, I would immediately get an appraisal, take the appraisal to the court house and challenge the taxes.  

Anybody knows what are the challenges in this type of deal ?