If they default wouldn't we get the land back?

Based upon your statement, "Naturally, my heart goes out to this individual" is indicative that you may let emotions trump logic.Forward to your PMC and monitor their actions to start eviction ASAP if tenant is behind.You can also direct your PMC to offer to let tenant out of their lease early IF they cooperate with showings.If they fall behind, you can direct your PMC to offer Cash-for-keys to regain possession faster. 

Thanks for connecting :) I like NC just bc I understand it, and there is soo much variation in what you can get into (farm land, city condos/str, beach, mountains, etc).

There are DSCR based seconds available for investment properties, however the rate and fees are high. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

As a realtor I have access to tools that give me insights on the plat of land, then with that information I can call the cities planning and development boards to verify zone restrictions or use case for that property.

Sometimes, a tax appeal might be necessary if the assessment seems off-base.

I'm planning to getting my feet wet with an actual investment, specifically in the LTR space in Philly -- where I'm currently based. 

If you permit for a large job on a renovation, just know, your tax valuation will be assessed based on any new work performed. 

This will at least help you get exposure to other folks that are in different verticals in real estate and help you figure out which avenue is for you.Happy to chat more, I'm a broker & investor based out in NYC/LI.