I'd recommend putting 110% of your efforts into finding a deal, probably raw land.As a new investor, you're not going to be able to take down a development BUT you can very easily find someone to take it down for you if you bring them the deal.  

Lenders for real estate are going to want a permanent structure, since the loan would be covering the structure and the land.Your best hope is to get a loan for the land, but given it's 6000 sq feet I'm not sure how much that may be because you are also likely going to have a really low LTV for "raw land" and  a lower end of a loan amount that many lenders will want to do, usually around $75k, but increasingly it's $100k.

@Allen Worley I've created several presentations when raising money for different properties I'm getting involved and what I generally do is put any raw pics and data into a powerpoint presentation, and then I send to someone on Fiverr to clean it up and make it "pretty." 

Purchase price: $140,000 Cash invested: $450,000 Started with a raw piece of land Built a town home style duplexRefinanced out the money to build another What made you interested in investing in this type of deal?

Curious as to your thoughts- what if we purchased the raw land as an LLC.

Additionally, I would find out what your raw personal expenses are in order to survive (Rent, food, insurance etc).

It is raw land, undeveloped. there use to be a house on the property but since then its been burned down and hauled off.

Hi, im in the process of purchasing a few plots of raw land in NY state.

I was curious if anyone has any experience with raw land deals and building new SFH. 

If you can't get the contracting numbers to line up, you could always rip it down and sell the raw land for profit.