I would like to buy cheap plots of land in good locations, have an architect draw of plans for a triple decker (I am in Mass so anything above a 3 unit would require an elevator), finalize through the approval process, and sell the land and drawings to an developer.

Hop in the calculators, triple check your numbers, and be honest with CapEx/vacancy/maintenance.

I triple checked this with underwriting and also a 3rd party we use for guideline interpretation. 

Total will be around 11k cash needed at time of closing.John will sign a triple net lease, who then will pay rent with a 200+/month cash flow.After 1.5 years John wants to buy the house back at market rate, but no lower than what I paid for it.

How are you busting on Cleveland hahaha Toledo is projected to triple in population in the next year.  

I'd triple check that your lender is 100% able to go after you sell the property, there's no way to unsell it.

There is so much cheap money floating around now that I suspect the game is no longer just about cash flow but about sheltering good debt.Any available real estate is likely one of the best shelters of cheap money.Since cash will almost never be this cheap again,it's common sense that hiding as much of this as possible today even in a marginal deal is a no brainer since the same cash may cost triple the interest rate within the next decade.It beats burying it in the front yard.And neither Gold nor crypto cash flows.Happy plunging inventory !

Through the cash out refinances we just completed, our monthly cashflow more than tripled.....If a property popped up next year that we just couldn't pass up, our additional monthly cashflow would more than cover the 20 to 25% down payment. 

I like HR's, but will accept triples and doubles. 

She had been working as a waitress so I estimate the unemployment boost probably tripled her usual income.