Jesse- The land by itself is at most worth $40K, comps (lots) nearby on an off street sold for $36K and no it is not in any condition for any type of use.

You can ride to almost every neighborhood without crossing major streets.

I'm moving to the area (about 45 minutes North) and I refuse to believe there aren't great investment opportunities there where you can safely make an honest living in flips, buy and hold etc.

I have private funds available and his personal rate on those funds (home equity line) is 6% so my rate be be north of 9%. 

The house will be located in North Nashville.  

@Sandi Hague I am very familiar with Westwood (I actually get my haircut on the corner of Rainbow & 48th street.

I actually have a Mill House coming on the same street a few doors up on the other side that is 500 sf smaller w/ 3 bedrooms & 1 bath that will be coming on for 375k – 385k.My sellers are not in a position to renegotiate.

@Brie Schmidt hosts a meetup on the north side (I think) the third Tuesday (I think) of the month.

I'm most familiar with North KCMO area, but I haven't been seeing any properties under the 100k mark being able to rent for that much.

Thanks @Hattie Dizmond@James RegisterIf you're North Carolina you have to realize that lease with option is an exit for tenant buyer there's issues in North CarolinaSo I lease with an ROFR makes senseYou can't stay a purchase price with the ROFRAs an owner you need to make a promise to the tenant that they can buy the property new appraisalIf you're in the business of homeownership and helping people get there, you can help get the tenant to getting a mortgageIf you need some assistance in setting up that kind of a business model PMEGood luck