They will be trashy.Absolutely NO reason to buy new construction. 

I am seeking advice on how to get a construction loan. 

Two of those are Real estate Investing, and working in the Residential Construction Industry.

Purchase price: $740,000 Cash invested: $1,300,000 Sale price: $3,850,000 I refer to this project as a new construction house hack, as I secured a primary residence construction loan for a two-family home.

3 - What type of construction will you be using to build the shell?

Also you need differentiate your construction costs (hard cost) vs the development costs (soft costs). 

houston is probably similar pricing to Columbus Ohio but way worse zoning laws. we take 20% on top as a GC and a guaranteed fee agreement. our contracted new construction projects recently:Single family new build spec home: 1513 square feet with 3 beds 2.5 baths 1 car attached $275000 approx $182 a square foot if calculated using heated square feet which means our cost is $145 a square foot. 3 unit / triplex new construction: 2008 square feet 2 bedrooms 1 bath per unit or total 6 bedrooms 3 bathrooms with 3 off street parking spaces. contracted build cost $395,000. no garage on this and better economies of scale with shared roof, slab, etc. $192 a square foot hard cost with our cost running approximately $157 a square foot. 

I assumed having such inspections done during construction/remodeling projects was standard.

Hello I need new construction financing for two lots in a booming subdivision in Lords Valley PA.

Do 80/90% of land 100% of construction loans exist?