New asphalt roads. 

If you receive a $1,000 in rent you have a $1,000 in income (before you subtract expenses,) the irs doesn’t care if you deposit in in the checking account, gamble it away, lose it to a pick pocket, or literally light it on fire. the only advantage to putting the extra cash in a separate savings account would be to prevent stolen/fraudulent checks on a large account but I live with that risk and sleep just fine. 

Some purchasers have tried to buy the redemption right to prevent this from occurring.

I heard another investor on Bigger Pockets say that too many people let the 1% rule prevent them from getting started.So I thought I'd start a discussion to hear stories from people who have made a deal that didn't at first meet the 1% rule for a rental property nonetheless turn into a profitable investment.

Most title companies are hip to it so most will leave off the last 4 numbers from the wire instructions and ask that the sender call in for the final 4 numbers to prevent this scam. 

If you didn't prevent how could you use what you have and learned to propel yourself forward.

Getting really clear now (both with regards to your business relationship and gameplan) is going to prevent a lot of fires down the road. 

I just had a similar job (cedar shake, 2 asphalt, and redeck) done on a 21 square job for a similar price.

Sounds like its currently a parking lot which would most likely not be residential zoning I have to imagine that clearing half an acre of asphalt to build would be very intensive and expensive.call a commercial broker and go from there.

My experience is that nine times out of ten even if you can find these people they will not talk to you or there will be some other issue that prevents you from actually acquiring the property.