Tenants don't always do what they are supposed to.

Suppose the entire state of California burns down in a massive wildfire that puts the "Wooley" and "Camp" fires to shame?

That gives you flexibility to either do a workout with the borrower for terms they can handle or hold it for two months till the supposed sale happens and get the spread between what is owed and what you paid. 

Supposedly public utilities are available (if I don’t develop the land, do I need to set them up if they’re not already established)?

You supposed to live, period!

@Tom Gimer The law refers to representing a property for sale, transfer, lease, etc that the supposed seller doesn't own, not an "agency relationship". 

Its like one of those things where you know you can do it but there is still something in the way.Cody,As they say...to eat an elephant, you do it one bite at a time.If you know you can do it, or I suppose you've tried to do it, what got in the way the last time?

Hello All,Good News:After some minor setbacks, including an AC leak in the attic that ruined a 5'x4' section of my ceiling two days before we were supposed to list on MLS, my first flip in Houston hit the market!

Hello All,Good News:After some minor setbacks, including an AC leak in the attic that ruined a 5'x4' section of my ceiling two days before we were supposed to list on MLS, my first flip in Houston hit the market!

Then I taught them how to move the assets around to package them for sales as small 4-8 houses per package for sales to passive investors (essentially a rental portfolio).But.... alas.... greed always creeps in (a human trait I suppose).