Sometimes too portfolios allow you to include lower valued properties that might not be eligible for regular DSCR lending. 

@Sarita Scherpereel holds real estate investor meetups in the Chicago area, and many house hackers go through there.

That way you can work backwards on the land price AND your holding costs while you're designing, permitting, and building the home. 2.

I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.

., That would work as long as you mean that your QI will be buying the new property and holding it until you sell your old property.   

I work with tons of investors, both local and out of state and 1 very common problem I see that is holding new investors back from getting a deal is 1 simple thing... getting stuck on the list price.

You would want to know if anything was ever built on the land (maybe a house burned down) because if there was a house then you would have potentially buried septic or oil.Buying and holding a lot for the future with topographical issues is only worth it if the price is negligible IMO.

Even if your GC is decent was able to get your job done in 100 days, if it doesn't resemble the comps in quality then your 300k exit is now 270k and with all the exit costs and holding costs your 40k expect profit is now under 10k. 

Investment Info:Single-family residence buy & hold investment in Topeka.

Nobody has a crystal ball or knows what the future holds.