It has to be a win-win-win for everyone so as long as everyone is incentivized and on the same page it all works out. 

If the “fair market price” is because it’s a good property, relatively updated, desirable area, etc. then you’re basically buying a yield play.

It is a one page contract that is pretty cut and dry.

In the future, take a page from the lawyers' playbook.

I agree, web-based ads are likely under-utilized in REI and I've also been curious about how that could be done well.As far as what I'm looking for, it's fairly open on a flip (less so on one I'll hold).

Also try meetup.com , join all real estate groups for your area and post your properties on their discussion pages.

Interest rates are still relatively low for investment properties, especially if you keep the DTI low enough. 

I don't think that you can get a right answer without actually providing the paperwork in reference.In general: Priority goes by book and page number.

Since I’m relatively new to this, I wanted to run it by the pros, to see if it would even make sense to consider in the future. 

If anyone knows the area and focuses in land or redevelopment properties specifically related to commercial retail.