There's not necessarily a rush to reno immediately, just would definitely like to plan accordingly now so I am not completely caught off guard.

When they sat down with my wife and I to show us the plans, they said they were hoping to give us 10K for the piece of property.I am hoping that someone has experience in this occuring and amount of money received.

I plan on doing more deals in the area and would love to add you to my network!

They do not trade on strict cap rates.

 a few months no.. if you dont plan to use it ever.. as for basic education in regards to vocabulatory etc. the pre license courses are cheap and you will learn things.

This is not a viable plan unless you can seriously reduce the costs of construction.

You have to ask yourself how likely the business plan is to yield the realization event in a 2- year timeframe.

There is a lot of planned investment in PCB, Dolly Parton, the Margaritaville development, Top Golf, in addition to all the things to do there.  

To purchase it, I would be using equity from my primary home which I plan on renting out.

I do plan on using my realtors to purchase my next home, so while they would be losing out on commission for the sale of this home, they would get commission a second time from me (they helped me buy this property im selling).