The value of the land is estimated to be about 35% of the total cost of the project, I have an excellent credit score, high income and very low DTI so qualifying for a loan would not be an issue, other than the fact that I am not a GC.

It is just my luck but been trying to land a deal for months and as soon as I do 6 others including one that would be a great flip comes around.

Acquiring land in Virginia and South Carolina where Data Centers are most populous seems like a winning strategy.

I'm hoping to read, learn, and be able to hone my offer skills, expand my network of sources, and be able to land these flips.

Also, they state that if I'm found to have violated these peoples Human Rights, that I can lose my other Low Income Housing Tax Credits (aka Section 8 at my other property).The complaints also state that these individuals suffered "anguish" forEven if we decided to fight this, which we probably would have a decent chance at winning, it will cost me thousands in lawyer hourly billings vs. just paying out a settlement to these people.At this point, my lawyer has filed an extension with NY Division of Human Rights and should be reaching out to the non-profit behind all of this mess some point soon.It sucks because it will be more expensive to fight it and win, than to just take the L and pay them out a settlement.

I wonder if being in the area to manage the problems better, if you could be profitable or even very successful as a D class land lord.

When there's a new property they take the tax assessor percentage of building/land value and use that to obtain the building value based on our acquisition price.

All additional insight s are welcomed and much appreciated BK Welcome to the land brother.

I built it on land with a house I have fixed up for equity and also built more cabins. 

Due to this, we have been investigating the possibility of purchasing land and using an owner-occupied construction loan to build a new property.