Your prospective land-owner partner can contribute the value of the land to the project and then let you manage the development process.  

The prospective tenants would have to be less than picky and birds of a feather with the existing tenant I would think--dog people.

There are a couple of additional thoughts I'll share.  1) If your prospective partner is a friend, you both need to be careful not to let this affect your friendship.

Met a new Prospect looking to purchase investment in AL..Find ways to make it work...It all Counts!!!

The higher values, unless negotiated, is just one of many factors that can make you take a harder look at a prospective property.  

You could look for prospecting/research positions for real estate companies or transaction coordination opportunities.  

If the landlord uses a lease that contains any provision that conflicts with the Security Deposit Law and attempts to enforce that provision or attempts to obtain from you or a prospective tenant a waiver of any provision of the Security Deposit Law, the landlord cannot keep your security deposit for any reason including making deductions for damages.

Theres peace talks at the moment between the north and south but not sure what the outcome will be.

You can make your home purchase a liability or an asset, just depends on what your needs are.If I'm going to go live somewhere though In my position I would likely rent.A: because I still enjoy the prospects of moving around a lot. 

Always do the math analysis and try to look at the prospective properties or at least have a clause in the sales contract that allows you the time needed (10 to 15 days) to make a detailed inspection by you or somebody else of the subject property and possibly back out of the deal without a penalty that will hurt you too much and hurts you.