I wound up buying the property on a land contract and then reselling it immediately on a land contract with an increase in monthly payments to collect a monthly spread, everything was fine for about 15 months.  

Could anybody give me any advice on the action steps to get this on ball?

You could hide your personal name from public record by closing into a land trust. 

Unsure if it's considered an improvement to land in which case I would have to add to basis and be unable to depreciate.   

Also I hear people here complain about the presentation of the offer on a low ball offer.  

A few weeks ago i decided to put advertisements on my vehicle. I drive an SUV and all of the back widows have a decal. As I am on the road all day every day (250+ miles daily). I figured being out on the road that muc...

I'm glad it worked out for you, but my crystal ball seems to be broken right now.

There are currently 4 years worth of taxes due on the land which total to around $2200.

@John Cameron  go to your profile page right below your name it says Realtyshares.comfurther below in small writing it says Seattleshares.comcould be a typo on your profile page.I started in HML in 1985 and Mentor with the master Jack Langer in Oakland. and I can 100% tell you that relationship with your borrowers is worth 2points all day long and borrowers are not going to jump ship for small % they turn the loans to quick and its about scale and time and knowing for sure you have a deal.And as you say many rehabbers are not that great businessmen and I can tell you any that are not great would never get by a prudent portals underwriting at least not RS Patch of land or REalty mogul all of how I am intimately familiar now there are some hac portals out there that made some major boo boos but no more .And SEC has NOTHING to do with the individual underwriting of a sponsors deal ... there is no uniform underwriting criteria a portal has to follow .. just like me as a HML there is no underwriting guideline I have to follow unless I am tagging the loans to my credit line at the bank and or using PPMS.. but when its our own cash we do what we want..

I work in sugar land in the town center area. maybe we can meet up for a lunch or even a formal meeting, my partner and i need to speak to CPA soon.