My feeling is that this process will take a lot longer than what I was hoping for.

Attorneys just don't seem to want to assist in any way as this kind of deal is promoting breach of contract with regard to the current owner and has some risk.I guess if someone could convince me it's possible, would they be willing to explain a step-by-step process to me?

In that learning process we were shooting in a dark room and probably came very close to shooting ourselves a few times.

High level process overview:Put the property under contract with the owner.

The adjudicators also seem to nitpick on whether or not a filing was properly completed by the landlord so I definitely understand why you mentioned really understanding what is required of the landlord as the process could be even further delayed.

Plan to release civil engineering firm to start site planning process in early January.

In some states, you may still have to go through an eviction process before you can legally take procession.

First things first... figure out whether you are looking at a foreclosure (owners still own it and are potentially still living in it) or an REO (property has already gone through the foreclosure process and is now owned by the bank).

As soon as the land is worth $1.5 mil and you have sold your $1.5 mil of properties (and as long as it is within the 180 day reverse construction window) then you can complete the exchange completely tax deferred.It's a relatively complex process but could work beautifully for you.

Then start the process over again..Most lenders have a 50k smallest loan cap. e.g.- they won't lend less than 50k.