Having the right partners on the design and build is what I have found to be the most important piece of the puzzle.  

Some use family and friends or partner and give up a percentage of the deal.

That all is changing now, ever since Hilco Redevelopment Partners purchased the property in 2020, and received concept and development site plan approvals in 2022 and 2023.

I think it’s one of those “underrated” markets that’s starting to get more attention.Of course, since you’re looking to invest from out of state, you’ll want to partner with a solid local team.

Is there anyone they partner with here to put on US MLS, eBay, FB, all the social media sites, craigslist, land watch, land.com, etc.Who is your target buyer? 

Within a week I sold my 60% interest to the minority partner for $190,000 CASH.

Discuss this with the lender before proceeding.Partnership or Joint Venture:Structure the purchase with a partner or entity while maintaining the assumption in your name.This allows you to benefit from the entity's structure while complying with VA loan rules.Entity-Owned Financing:If assuming the VA loan isn’t feasible, explore refinancing into a non-VA loan owned by your entity after the property is acquired.4.

Clearly this structure has been discussed amongst prospective partners since "Mike the builder" has instructed the parties how the purchase agreement should be papered.  

@Colby Easterling leaning toward doing an all-in-one loan and paying off mortgage quickly and then using the all-in-one to buy/finance BRRRR's, and fund my own flips (I already do a lot of flips with partners/OPM).

It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?