I'm not too sure on the specifics of the 1031.

Dover seems to be a good opportunity with colleges, Delaware government offices and an Air Force base. 

While I am creating awareness in the marketplace and earning the trust of these individuals through a relentless campaing of obtaining as much face to face time with them as possible, I am busily working to raise my competence through educating myself, doing small deals, and forming area-specific alliances.Is there anyone here who has gone through a similar exercise?

If the numbers don't work, then what are you doing working any further with that specific property? 

If you have questions about the process, I'm probably the best one to ask.The Land Bank was created to eliminate blight in the Kent County area and specifically Grand Rapids.  

Can you share some more specifics about what you're looking for?

So, me trying to be nice and help, I agreed.I know what you're thinking right about now "this guy is an idiot" and regarding this specific scenario, you're right!

Good afternoon BP friends,I'm looking at setting up an SDIRA for the specific purpose of buying a single property - an undeveloped lot - and I'm trying to determine if it makes any sense to use an LLC and/or have "checkbook" control for this particular SDIRA.My initial thought is that since this SDIRA would be to buy a single piece of undeveloped land and then hold that property as an investment for the next several years, that the additional complexity and expense of an LLC and checkbook control would be unnecessary.

If your putting a loan on the house then just make sure the big items like the roof, heating and air and windows are in good shape so that you dont have to replace them in a long time. 

Little knowledge is dangerous, with that said, I will not waste time shouting at one's ear who obviously only wants to hear things that's pulled from the air.