There are efficient ways and inefficient ways that can do this.  

Out of state is also an option if you have the time and energy to build a team to support you. 

With the construction loan, an efficient build timeline will be important to keep carrying costs low.

Changes can efficiently be designed, and 3-D renderings can be completed.

Not remaining anoynmous or worried about the laundry list of things most novice investors focus their time and energy on that adds zero value.

So, yes, if you like it yourself, you'll find it easier and better to "sell it" to others as a destination and you manage expenses and resources more efficiently.

For most technology, getting to an 80-90% efficiency happens extremely fast, but that last 10-20% takes a very long time.

thank you all for the feedback. feeling the energy and warmth.

I am just looking to be more efficient. 

This method not only ensures efficient funding during construction but also minimizes interest payments, given that construction loans typically extend over 12-18 months with interest-only payments.After the first year, my expenditures are as follows:Land: $200,000Construction: $600,000Interest: $60,000Total Investment: $880,000Here's where it gets interesting.