If so did it go smoothly and is there anything someone should know if attempting to do this type of transaction? 

Purchase price: $325,000$450 Monthly CashflowWhat made you interested in investing in this type of deal?

You guys have to get together and look at your goals and what type of investments best align to your goals.

There are pros and cons for each entity type, depending on circumstances.

What made you interested in investing in this type of deal?

I would suggest that those buyers that want a 2.5 acre waterfront estate want to be surrounded by those types of properties, not tract homes on .65 acres.Have you considered partnering with a builder to develop out the four lots?

These types of projects come across my desk every other week.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.