The realtor says the seller has "potential" renters who will sign a 1 year lease at a price higher than what I am seeing  with the rent comps. 

In your offer, add the condition, "To be delivered vacant at COE" and it becomes the sellers problem.

Another reason for distressed land is because my local housing market is a heavy sellers' market (based on my limited real estate knowledge and after what I experienced purchasing my primary residence last year) so I'm trying to use the time while the market cools a little to invest in other opportunities.

So if a 30 year note had 200 payments left and you bought 60 payments, then those 60 would come to you right now and the last 140 back to the original owner.A seller will give you a contract to sign and they may have their servicer handle the closing.

Seller is agreeing to loan me the funds for a downpayment and closing on two properties.

Demand still high.

OK We have spoken to seller that is  willing to sell their duplex and single family for 90,000.

The seller's agent has been receiving non-stop calls for this property with offers $20K+ then my own, and have been doing my research on the area --- so I know there is great potential here.

Update: The reason the seller wanted to hold the info about the property manager is because they were concerned we were going to pull the plug on the deal.

Hi Brian, I'm in Conway and it is a strong seller's market right now.