I can't use the income approach, its a small town with maybe 3 restaurants or so, comps are nonexistent (I think) and its been vacant for a few years now.According to the assessor the land and building value is $50,500 (I'm using that as a ball park number) although the current owner did pay 300,000 for it previously.

There is no mortgage against the property, and the property is owned by a land trust.

I tried to land my first deal in Nampa, I got all the comps, the house would probably go around 65K, they were asking 39.

I ask this as thier is a rule in SDIRA land that to paraphrase says "the SDIRA cannot benefit the owner of dis-allowed party in any way" (meaning a parent cannot buy a house and rent to a child etc....)

You should have a profession litigation search done and speak to the land development office for Nye County.

Appraisal numbers really mean nothing on vacant land.

I'd stay away from short sales, as banks are getting hip to investor low-ball offers and BPOs are trending up quickly these days.

Here are some details:The home is brick on 1 acre of land in a golf course community.

We started doing the land lording ourselves while we lived there and then passed if off to professional property management when we moved, which was well worth the 10% they charge!

Interesting how "staus quo" can be preserved up the point that its easier to live in a lala land than to make any changes ... bureaucracy - a cancer of any society.Based on what you guys wrote drooping down from 7 to 4 should not be at least a zoning problem good to knowThanks again