I can think of a few other ways to make use of the land, perhaps, to collect revenue, but for now, from an investing standpoint, how would you guys approach this deal assuming its a good one ( low monthly payments, no or very low interest).Is it uncommon to have contigencies in play in case I can't make use of the land or sale it to someone else within a timeframe so I'm not stuck with a bad investment?

I'm biased though because I have lived in middle/upper middle class area my whole life and would never live in a lower middle class/low class neighborhood area.

I have a buddy who has 3 subway shops those do well.. not sure what is worse dealing with minimum wage in in the food service industry or working with low end contractors pick your poison

There is very low inventory for decent multi-family property.

I've owned a home-automation and low-voltage integration company since 2007 and have just now dipped my toe into the world of real estate investing. 

It is low compared to rule of thumb 1%. 

The gold mine is in the ease of access to low cost money. 

What's important to me is low commission splits, no hidden and extra fees, and to work from home without mandatory meetings.

The price of the homes I'm looking at are too low to qualify for any type of loan.

You start out 10% behind and all you end up with is a low end guarantee.