I am confident that we will find the right developer, investment group or cultivation company to fully benefit from the uniquely advantageous position this land holds.

As you have probably heard that the location is very important.With multifamily (apartments) starting out with a positive cash flow is one of the most important. 

I heard nothing but great things about Austin and San Antonio seems to also have a positive migration.

If this was passed onto you as an inheritance, you might be in a good position.

I don’t want to stress about cleanup and   maintainence. 

I would be behind the bank in terms of loan position.

I haven't had any in-depth conversation with them yet.I'm curious to know what are some of the positives/negatives of this type of relationships.

its hair on fire... prep a deed  get it signed and notarized have my secretary run it to the recorders.. hire a courier service to hand deliver cashiers check .. talk to customer service and get a date down so we basically knew our title position.. all done in a matter of a few hours.. 

I’m about to acquire my 3rd property, and should be in a position to buy my 4th in Q4 of this year.

Positive cash flow from day 1 you own and is critical too.Good luck to you!