But I want to be sure I'm understanding even the basics of this correctly.

My FIL has a great quote where he basically says, "everyone is happy for you...until they find out you're doing better than them"

Thanks guys...so basically it sounds like she's better off keeping it. 

Step 2: Using the spreadsheetNow that you have the basic spreadsheet layout, what do all these lines items mean and how do you use them.

How much value is added to vacant land by just doing the basics of getting it professionally surveyed and getting utilities to the lot? 

Hi, I've posted about the concept of out of state investing before, but just had my inspection and getting ready to close on a duplex in a month. the inspector was very thorough and said this was a good buy considering the price and the condition of the property and not having to do much work. 

The concepts of "failing foward" and "highest and best use of my time," just make me crack up.

I am looking at storeroom locket on the front doors and basic two sided key lock for the basement door. 

No sense in wasting time on people who don't meet the basic criteria.

The first situation you may not need to tell them much. in the second case you better have a pretty good presentation clearly showing how money will be made.I have had people loan me as much as $400K on basically a handshake because of my reputation.