If you plan on renting it, you'll want some type of record of the monies you've invested into it for establishing your depreciation basis.If the "cash purchase" is an attempt to avoid taxes, that can come back and bite someone later so may as well keep everything on the table.

Established tenants.

Established tenants.

Once established, I plan to expand into the rest of the Tri-state area. 

(Wholesale, rehab and flip, multi family investing etc)I will be licensed by the end of the year, but struggle with weather to ferry established in the field before I begin my personal investing portfolio?

In this case, it doesn't sound like a job was ever established to be completed....

You can establish your unit count by using the units per acre permitted by the current zoning times the number of site acreage to determine the total units allowed by right.

I wasn't aware they were sending it to auction since it was originally listed without saying so.4) Since I had a relationship established with my HML and I knew they did auctions I just requested a proof of funds letter.5) I bid, I was top bidder but the auction didn't make reserve hence why I'm waiting to see if the seller will accept my offer.Some caveats about auctions:Do your due diligence.

These plans typically cost a bit more to establish due to the legal work, but in most cases will save you considerably over the long term.

If you have an agent who is in the bottom 94%, kick them to the curb and get one who can act faster (either themselves or by systems they have established) and who have an ethical north star that is stronger than you and them both!