This provides privacy, avoids public records searches and when you pass away it walks around probate and delivers your asserts to your heirs without the need of an attorney.A land trust is a strategy not a complete tool box.

Is this correct?

I need to make sure all the paperwork is filed and filled out in the correct places and in a timely manner.

I am doing my research and am ensuring that I have all of the proper reports/forms/legal literature, valuation tools, etc and have several friends who are RE Agents & Loan officers whom I ask questions, BUT I am still lacking information in certain areas.

Connect with experienced investors and get deals done correctly on Bigger Pockets.

Thanks a ton for this, you're correct it was a Land Bank deal, im reaching out to them to see if its even doable.   

At BP, you not only learn how to get deals done correctly, but also have an opportunity to network with other real estate investors and learn from the informative forums posted on BP everyday!

Still on the hunt for a good tool to model this out, but do you have any good rules of thumb you have found useful when looking at these types of deal?

Would love some feedback on whether a performing note would be the correct option for me.I'm in the process of opening an SDIRA. 

New flippers just don't know enough about to estimate ARV correctly, or keep their budget and timeline on track.My advice would be if they can do it profitably with a HELOC even if things do not go well, then they should (unless there is a cheaper, safer alternative available to them).