I guess the part my buyer has had difficulty with getting financing for the property is that there are no FHA qualified structures on the property, so even with the assessed value being $34k above the asking price, she is having trouble secureing a loan on a "Land" deal, even with improvements. 

We are wanting land with the house.

I just purchased some land and was going to have a GC build a house.

Hey BP community! I'm a 25 year old full time project manager and part time entrepreneur with a background in finance and mechanical engineering. I've been reading the books, attending RE seminars, and learning how to...

I'm not only looking in the Chicago area, but I'm also looking into other areas that are more landlord and investor friendly. 

"If you are a tenant at will (no lease), your landlord can evict you without giving a reason.

Once the order has been made to start the foreclosue (tax deed sale) then it is set and what every property that does not sell goes into Lands Available where you can buy the property directly from the county.

I arranged a mover for them and the day I provided them with the security deposit (it was actually given directly to their new landlord) they were gone and the problem was solved in less than 4 days.

I have a lot in a small Texas town that I am looking at for new construction, essentially as a raw land flip over to duplex or SFH, which I will then house hack for a few years before renting out fully.

Land transfer taxes in Toronto limit some of the more creative strategies that I can use.