,I assume that by "FHA loan or similar" you mean high LTV.We can do 85% LTV for SFR, non-owner occupant.95% LTV for high income owner occupants, 97% LTV for high income owner occupants in certain target census tracts. 

A contractor makes his money by the job .If you are refering to tracking your own employee , those systems may work .As far as asking an independant contractor to carry a GPS so you can tract their every move , Good Luck 

He was going to buy tracts of base housing to meet demand for the new car manufacturer that was coming to town or something. 

I purchased two separate tracts for just over $750K. 

I continue to answer the incoming perspective tenant calls, answer tenant e mails and texts and tract rent collections. 

The other thing to look into is the amount of housing projects and low income housing tracts (they may look like suburban SFH’s, but are low income) in your immediate area.

There are about 300,000 entries:000000010054R 000300-0011-0020 000000331000WHITE LARRY D & SALLY S PO BOX 5606 BRYAN TX 77805-5606 YA000300, MOSES BAINE, TRACT 11.2, 15.

I am an experienced rehabber, landlord, and wholesaler but I am not sure what to do with large tracts of land that I find through direct mail. 

I do that because someone did that to me 25 years ago on a timber tract I owned I liked it so much we sold it to them and I used that method a lot over the years to great success.

Now there are tract builders, nationwide corporations that a common man just can't compete with.I'm not sure how I'm going to move forward.