I was just asked by a potential seller, via email, how I got their address.

Paying on timeWhat things should I be asking for from the Seller?

I have a nice job with a real estate company and, although real estate investing has never been something I considered, I just started to as of late.IDEAL NICHE:  At the present moment, I would like to invest in vacant land only and resell it on terms using seller financing to generate a positive cash flow. 

$340k (Cash Flow: $770/mo, Cash-on-cash return: 10%).It seems incredibly unlikely to me that the seller would accept an offer over $200k below their asking price. 

Keep in mind if one entity owns more than 10% of units the condo is no longer Fannie approved and buyers and sellers will have a more difficult time trading there which could hurt sales prices somewhat.

Since taxes are paid in advance in Michigan, you have to "reimburse" the seller for the taxes they paid for the remainder of the year they paid in advance.

Ask the Seller for proof of income for the past three years.

The sellers are an older couple who are buy and hold investors.

How motivated are the sellers?

I am glad to hear that you got motivated and started investing.