Also like your deal, four years after we purchased it, we were approached by a representative of a developer (for Walgreens) who eventually purchased our property for a profit a little more than your deal.I haven't been able to start buying lots (in future prime locations) yet for my personal investment, but I hope to pick up a couple this year. 

Hi BP'ers - Do any veterans have advice for a fellow BP'er who is approaching/working with private investors for the first time?  

I wonder as a seller, when some one approaches with a reverse 1031 offer, is that considered "not ideal".

@Udele Tagoe **Disclosure** I have never done this before, it is simply how I would go about approaching the situation.If you have a title search done that will give you an idea of who exactly filed the lean and when it was filed.

So I'd have to have an approach to working with the owners that didn't violate our laws.If you haven't, you might listen to BP podcasts 75 and 111, they are all about this topic.

Sometimes a seller is able to get away with this approach if they find a buyer that plans on living in the house and combining their need for shelter with sweat equity in order to make the numbers work.

So he brought her the 100 to her work and she said "ok tell your wife I call her in the morning".

I am approaching this wanting something that needs little upkeep and future work.

Then approach the decisions about your property through the lens that you have created. 

Get those 3 answered, and you'll get a better idea of how to approach the deal, and ought to give you an idea of your exit strategies.Secure your downside (risk), know how to build your upside (equity).