The BI/PM decision making doesn't take that much sophistication, just a simple data base, some ball-park historical operational data, and determination on the part of your operational staff.

To better frame the question - I was thinking of structuring a deal by using a land trust.

If it's been listed a while and hasn't sold, you might try a real low ball offer first.

Draw deed, "signing", doc prep, demand fees....they have line items for things that used to part of the "escrow fee".I have a family member selling land here in Santa Barbara.

One thing that helped me get the ball rolling was to set clear, specific, measurable goals.

Land use (mixed commercial/residential) - ARV. 125k to 132k - home built 1910 (2 story bungalo style, split level) Can someone explain to me a transactional funding?

Of course, without the ARV and repair cost it's hard to say...What's the land worth?

Has land / lots to add additional 8 units.

It's unreasonable for the city to expect you to grow more land to accommodate a parking ordinance instituted after the building was built and was not in place at the time the occupancy permits were granted.One thing you may consider, if there's room, is to make the parking spaces smaller, if need be.

let me know if I screwed up anywhere or you wanna chat more on this.But my personal view: I'd pass or low-ball them something around the $150k mark.