How would you value a property like this, given the wide swing in potential returns. 

Eyes wide open.Let's discuss the specific PM blackball list via email or text. 706-818-3359.

However, a pending lawsuit may or may not beI would explore the angle that the contract may be invalid as it is 3 separate parcels and therefore should have had 3 separate contracts ?

What you don't want to do is jump into something and buy it and find out you can't do what you thought you could. for instance, the lot is 40' wide, you need to know what the setbacks are that are required for building a house on the lot, what is it zoned, etc.? 

Nice to meet you.Buy double wides on their own land for less than $30k, much less often.  

I have seen those go sideways too and the minority gets riled up and kicks out the Manager for missdeeds...In my PERSONAL opinion I kind of like ONE Note one investor route... cleanest from all angles from experience over the last 40 years of doing this.

As I begin to put together my "investment team" in each local market I am analyzing, I wonder whether it is best to assemble members from different companies (i.e. using a real estate agent from one company and a property manager from a different one) or if it is OK to go with one company that offers a wide range of services (a "one-stop shop")?

Not sure what the deal is with "we buy houses", but it's hard to believe that a widely used phrase can be trademarked, and if that's the case, how come that your competitor: 'sellmyhousegr.com' can use it?

The last one I bought had an apartment built on the back and a garage converted to living space so they priced it about 800 sq/ft smaller than it was/is.So what's your angle? 

As I understand the legal angle (I'm not a lawyer, but this comes up in the RE broker contracts course) an ambiguity in a RE contract is generally decided in favor of the party that didn't draft the agreement.