R&D is like split testing, trial and error is "I'll be damned to spend the time investing in knowledge so let's just hope we survive the guessing". 

Double check on permits if the previous owners has done a remodel.Do not rely on agents representation.Do not work with a dual agency as a buyer, the agents first commitment is to the sellers.Allow at least a year of seasoning before determining the profits of an investment.Happy to share.

-At the end of the day, if it were me and I was a wholesaler (as opposed to a broker/agent) in this scenario, I would say that "as a courtesy", you can try to help and see if you can sell it to someone else off market, but you should not be expected to do a due diligence for the buyer, that's their responsibility, and you said from the beginning that you are not knowledgeable on land. 

The most knowledgable people on market rents are the prospective renters who are currently shopping around trying to find the best option for themselves to live.

•Use this funding wisely for investments like property down payments or marketing.5.Network & Learn:•Use Year 1 to build a strong team (agents, wholesalers, portfolio lenders, contractors, etc.) and deepen your knowledge of the market.

It's worth remembering that insurance companies, construction companies and nursing staffing agencies do not find places for their folks to stay.

Then I'd turn it over to a collections agency. 

They are stuck in 2014 when notes were so cheap and easier to make money: now pricing is tight and even just buying to resell is challenging.Note investing can be more passive than other aspects of real estate but still takes a lot of work as well as a lot of experience and knowledge as there are many moving parts that can go wrong 

Great guy, very knowledgeable and experienced. 

I sucked up every piece of knowledge I could.