I am interested in neighboring towns near New Albany. 

Hopefully he finishes this rehab in February as I hope to have him set up an out of town, large (over 3000’) luxury STR in the spring.When he completes that effort, we will be concentrating on getting him a property in San Diego which as everyone knows is very expensive.  

@Abigail King I invest in several towns in central IL, and am interested in adding some properties in Peoria to my portfolio as well. 

For anyone interested, here's what happened at each bank:1) The credit union turned me down because 1) the LLC isn't local, 2) they had no way to enter an IRA as the owner of the account in their system, and 3) they were concerned about not being able to control my appropriate use of the funds as manager. 2) Wells Fargo - I went to the local branch who didn't have availability to meet with me and sent me to the next town over 40 minutes away for an appointment with a "specialist" who could help me. 

BP Community:I’m building out a list of videos that will highlight the economic development in the specific cities/towns we invest in.

ON my latest subdivision I built we have a 15 foot right of way for the major sewer line on one lot and we let the owners know that they may want to do just light landscaping or just bark dust it/ or out east I guess its pine straw. 

It sounds like you’ve built something really special.

You actually want to build them, or are you also looking to buying ones that are already  built?

Split the lot into two lots and built a large 6 bedroom 5 bathroom house on one of the lots.

Quote from @Ray Watkins: What is the best way to finance a newly built, entirely new home on a property?