I am also an investor and living in Fort Lauderdale but I am all over south FL. Are

with that budget wanting to operate in cash i would buy a raw piece of land to get it shovel ready with plans and sell it to a developer or potential home owner looking to build a home on that lot 

The carriers are doing re-inspections of homes and something as stupid as a shovel leaning up against a garage could be called "debris" and be used as an excuse to cancel you or a branch hovering over your roof.

Quote from @Thripura Vemireddy: HiThe return seems amazing in this market conditions.Would you mind tellingDoes 258k includePermit fee (soft costs…etc impact fee)Loan costSelling cost(realtor, closing costs)GC feeHolding cost(tax, insurance, utilities..)Thank youReddy Land is purchased as equity, turn permits in while we wait to close the home, once the site is entitled and "shovel ready" we close on the construction loan.

He started off shoveling my roof 24 years ago and today is my go to for just about everything.

I wouldn't recommend land flipping as a strategy unless you are prepared to entitle the sites and spend money on soft costs to have the sites shovel ready.

the commonly held demarcation is that if you turn a shovel you are changing the nature of the land. 

Pizza boxes, newspapers, clothes and toys were piled up everywhere.We tackled the trashout with pitchforks and wide-mouth shovels and filled two 30-yard dumpsters without a single piece of construction debris.

Pools (we are in FL) are a must near the beach and a plus in our urban submarkets.

I have an exposed exterior porch, while we shovel and salt.