The issue with this is I would be locked into a rental lease and would likely have a have penalties if I find my deal within a year.2.Purchase something listed on the MLS expecting that I’m paying market price.What would you do if you were in my shoes?

I was in the exact same shoes as you about 8 months ago.

A C-Corp will pay corporate taxes on income, but it may be more frequent than once per year.Real estate flipping income is not treated any differently than any other business that buys and sells inventory (shoe store, restaurant, car dealership, etc).

As I am starting with a clean slate, how would you all attack my situation if you were in my shoes? 

If you have the option to buy a $1,000 pair of shoes or house. 

Meaning if that investor can step into your shoes and take over the project, they might be comfortable with sinking half of their available assets into the project. 

Most people will talk you out of it because they don't understand.It is not all roses.  

Robust home sales activity across Ohio in MayOn June 22, 2015 By Carl Horst, OAR Director of Publications/Media Relations The number of homes sold across Ohio in May rose 10.8 percent from the level posted during the month a year ago, the market’s ninth consecutive monthly year-over-year gain, according to the Ohio Association of REALTORS. 

It's a great area and when combined with the excellent buy you got on the land it maybe an opportunity to hit one out of the park.If I were in your shoes I would quickly find several builders to gather some intel in rough costs and timing.

Lastly, several brokers and developers are trying to boost their leasing and sales with high-tech virtual-reality tours.TWiRPAverage US Rate on 30-Year Mortgage Rises to 4.08 PercentAverage long-term U.S. mortgage rates rose this week, reaching high levels for the year.