This market is not always available in the MLS, so making it more difficult.A commercial lending is possible even with SFH, that will depend on your lender and the access to commercial programs, it will all depend on the situation.  

depends on how many investors. 

Depends on what kind of property you are operating.

It really depends on the markets you are looking in, if you have the bandwidth to handle general contractors and their subs, and the amount of capital/liquid you have.

Of course you could do both, depending what kind of capital you have.

There is no average cost, because it depends on what you're starting with.

Vijay,  It all depends on the location of the lot. 

In short, I want to learn about how to draft my strategy for my region for value ad investments and find team members that I can trust and depend on. 

The steps I took depended on the property, each property is different. 

It depends on what you are trying to do.