Please add me to your buyer list if you’ve got one going.

It also requires building solid relationships with buyers, title companies, contractors (to get rehab bids), and local realtors to name a few.

Ultimately it seems like it comes down to the numbers, but in general is it geared more towards the cash buyer?

In Michigan, the Seller is allowed to give up to 6% in concessions to the buyer.

Land will be used mostly to store materials/automobiles, but he would like the option of also setting up a new office on the location, so if there is a small building in place, that may be preferred. 

Turnkeys aren't perfect and a TK buyer should know that they need to a) do due diligence on the property as thoroughly as any other property and b) they need to be ready to step up and manage something (likely the property manager) if things aren't going well after the purchase.I'd imagine some people will say the pitfalls are based on inaccurate advertising by the turnkey provider or the rehab quality not being up to par or something, but the reality is--those things happening should've been checked up on during the due diligence period by the buyer.

I would consider leasing this house with an option to purchase to a tenant/buyer.

I am selling homes so I talk to potential buyers.

That is when a buyer can put a time limit on an offer where the offer goes away by  a certain time.

If you don’t think it will appraise over $205k anyways then just tell the cash buyer $205k and be done with it.