do you know how you will fund the acquisition? 

Right now we have enough for a 25% downpayment on 2 $300k properties, and I'm just trying to find the best way to allocate those funds.  

Investing with personal funds creates a taxable event when you liquidate the asset.

It's great you already have the location, price range, and funding source! 

They will do a 75% LTV.

It’s crucial to stay disciplined here, as overspending on land can limit the funds available for construction and other expenses.Development Scale: I’d recommend avoiding developments in the range of 4-50 units unless you have a very specific reason.

How will they value the land so I can look at LTV and other metrics when modeling my financials?

I would also put part of it in a debt fund. 

Usually a primary home is going to offer the best option to borrow against for higher LTV/CLTV, lower rate, and less fee's (No points).

@Luis Herna if you need any assistance with funding for the emd let me know!