We made an offer based on what our down payment could buy.

Based on the information provided, it seems like this could be a solid long-term investment opportunity.

@Matt Taylor - Based on the purchase price, seller carry, down payment and current income, It seems like a solid opportunity.

I am a realtor in the fort worth, TX area and would just encourage you to FIND YOUR COUR 4: Brandon Turner on the BP podcast explains it like this:Your core 4 involves1.

Prices for whole buildings will obviousl vary based on age, size, location, but they are fairly high IMO. 

Based on the prints, this road is the smaller part of the whole development. 

I paid them as instructed and they agree to return money and I trusted them based on their website, it seems professional.Once they received 3% ($1230 USD) payment by wise, they demanded 20% of the money as collateral mortgage since I did not have the property title.

Plus A class so really passive and location of rentals to me is important Tax's weather tenant base etc.

Bigger Pockets has podcasts on the topic.

I've been a developer for 17 years on projects across the US and we do both JV deals and consulting based on what is most beneficial for all people involved.