In general, for an owner occupied office building probably 50% ITV and 12 to 16% discounted yield would be in the ball park.

My opinion is that nobody is ever going to buy that tiny sliver of land, perhaps I do wait it out or even let the future homeowner buy the lot at a steep discount because they can't sell it. 

If you can buy properties at a discount, you can do it over and over.

First the end buyer is relying on you to negotiate a price to purchase the house at a significant discount plus also provide the end buyer with a reliable analysis of the property providing a reliable Market or ARV ( After repair value).

For example a 15yr term with initial rent set at comps, 3% annual increases and a terminal sale for the FV of construction cost - all discounted back to NPV at a 6-8% discount rate.These methods provide quite different prices, especially because the NPV is so sensitive to changes in assumptions.Has anyone done this before and how did you calculate the price?

Contacts with engineers, Better trade contractors and perhaps the ability to offer you discounts on materials. .

I would want to know exactly what they would do and what discounts for service they give you before signing any contract.

The CCs will cost you a small discount fee, but it beats not collecting anything at all.

If it is, run your numbers and see how much of a discount you would be getting it at.

He wants $1,997 to sign up and the short of it is you find businesses for sale at a discount then Mike or one of team members will determine if the numbers work, if so they will partner with you, provide funding for the purchase and pay you 20k for the deal or you can wait until the business is flipped and share in the profits.