this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

You are still at ground 0.

Curious if there is any first hand/boots on the ground knowledge of the Ogden to SLC to Provo market is like today.

Sewer is almost always more expensive to replace than inside plumbing, because of pipe size, depth in the ground, etc.

I will try to find actual real-world values and maybe with the two methods I can find a middle ground?

Without some on the ground knowledge those really low prices in some of the neighborhoods can really play some tricks on those "out of state eyes."

I am sure you can also get much higher quotes, but this is about what I have seen on the ground in these Chicago 3 units. 

I do not want to reject him based on those grounds and I am considering increasing the rent by $100 a month and letting him move in.

Penciling, comping, and closing deals come easy to me, but now I want to further challenge myself and increase my net worth to pass on to my children by getting into multi-family development.Who I want to connect with- Other DevelopersI want to understand how you are capturing these opportunities, penciling them out, and managing these projects from the ground up.- LendersI want to find a lender that I can rely to provide me a steady stream of debt and who I can show they can rely on me to provide them a good return without dealing with any surprises on my end.

These loans cover the costs associated withpreparing the land for subdivision, such as grading, infrastructure, and legalfees.Ground-Up Construction Loans:If you plan to build on the land, a ground-up construction loan might be ideal.These loans typically cover both the cost of the land and the construction.They can offer more flexibility and longer terms, making them suitable for avariety of projects.The best option will depend on your specific needs and plans for theproperty.