It would not be bankable at that price because it will not even make the appraisal and will not meet the coverage ratio on the debt more than likely.The extra land to expand story is as old as the industry has been around, and means nothing without an actual permit to build in hand, and even then you will need to price it out (around $20,000 per lot plus land cots plus tap fees and engineering).I would price this deal more at around $550,000, which is a win/win for both buyer and seller (assuming you can still push rents based on market).

Rather, follow the rules in your state (if you win in court, they should mail you paperwork on how to legally collect). 

Buying other companies' debt, called factoring, can provide steady, long-term income, and factor transactions are generally win-win situations.

For example, if a tenant of that 4-plex sues for falling on the property and wins the court case, they are not able to acquire all your personal assets like your bank account, the equity in your home, and all your other assets because the 4-plex is owned by the LLC.

Win win.

Utilities were not turned on, so as far as I was concerned every system in the house was non-functional and I bid accordingly.I didn't win the bid. 

Does this mean that anyone can submit a bid and when it’s over the highest bid wins?

Yet lastly, should I manage to invent time travel and avoid any paradoxes going back to 2005, I'm 6'2", 44 years old, hopelessly out of shape, but I want to suit up for Tokyo 2020 and win the all-around gold in women's gymnastics...Sorry, Simcha, but the "you can do anything you want" ra-ra line gets to me.

Let's get coffee/lunch (I'll pay) :) I will provide all that I have of value to help us all win.

When that happens, the underwriter will pass on your account or just put a high price on it and move to the next account they think they can win.