They originally sold for $110K to $125K when the project was completed but was only able to sell 40 units out of 102 in the building.

Hi all,I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?

Or should our church sell it and move on? 

Also, you probably need a civil engineer to make sure everythign is viable, since part of the approval process is having a civil draft up plans for sewer, water, grading, etc. 

After that, I turned it into a rental and had it rented for 3 years before selling it.

We are quite advanced in the process but would appreciate feedback on the LTC targets for similar builds and whether any of our numbers might be overstated or overlooked.Thank you!  

Now, if he were to sell he would owe over 200K in taxes.

I went through the same painful process of losing money to few so-called private lenders/scammers.

If you are looking to invest over $500k, you might be able to find more unique properties with less competition.Due to the current market conditions, many owners are deciding to sell, so today it is possible to find properties at great prices.

Are you asking about a bank owned property, or a property currently in the foreclosure process.