Lakefront Property - Finance, Subdivide, Sell, 1031 & BRRRR? WHAT WOULD YOU DO?

[Todd Camp]

I currently 100% owner of a prime piece of lakefront property on a very popular lake with very limited lakefront availability.  This project has the potential to be a 1 mil + project if done right. I have 6.58 acres and current comps are showing $150,000 to $300,000 per acre. Lakefront land prices are at a premium so I need to accelerate the timeline by taking out a land loan(or other financing) to fund further improvements. I have owned the property over 7 years and have been using my own time & money to clear the property and make improvements. I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income. My current plan is to do the following but would like a professional opinion before proceeding. Your help is greatly appreciated. 1. Get survey to split the land. Get a land loan against part of the property to fund further improvements. 2. Subdivide the land(up to 10 lots). This property has no restrictions but if I subdivide to more than 4 lots, it will have to be submitted as subdivision for approval. 3. Sell individual lots and do 1031 Exchanges for a multifamily rentals (BRRRR).  Is this plan feasible? Am I missing something? Do you know of any good financing options without income verification? I appreciate any advice that you may have. WHAT WOULD YOU DO? TIA