You should only agree to pay per progress arrangement, and have a 3rd party to be your eyes on the ground. 

I just got the website up finally the other day, it is DEFINITELY a work in progress!!

Now you need to underwrite the deallook at the market demographics, population, jobs, path of progress, etcask for the actual profit and loss statementswith a mortgage lender, find out what kind of financing you can get Offer a price that works with your investment criteria, E.G.

"Buy low sell high", and yes I know there's more to it than that, like knowing how to properly assess risk, deal analysis, and all the legal crap in the state you operate in, but its doable!

The longer you sit and wait trying to analyze every scenario the less time you have to actually make progress. 

Work on you.. in the beginning it will feel like there is no progress, but suddenly you will realize you are far superior than your competitors (that relied on networking) to define themselves.. and THEN things will get fun!

The city is making substantial progress week by week month by month and year by year.

Also, the amount of your withdraw matters, because of the progressive tax rate.

Therefore banks or even hard money lenders won't be able to assess it.

Real Estate Newbie.I came across a 5 ACRE Lot for sale for a lot less than the assessed market value.