It allows you, the wholesaler, to transfer your rights to purchase the property to an investor.

Quote from @Aaron Meyerrenke: Just curious if you ever ended up building? 

Why not check it out by coming to his weekend seminar in March.

I am in the Akron/ Cleveland Ohio area. 

All of these come back to one important factor, you need to bring value to the table while mitigating risk.

No matter where you settle upon, your idea to build really comes down to your goals.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

The less you put down, the higher the payments, which would make it difficult to cash flow.

Most times when evaluating a DSCR mortgage, market rent will come into play.