@Ethan Bruland I have an initial negative reaction to this idea, but there is a lot more information needed to reach any kind of useful feedback.Zoning - You can't spot zone.

Lower Initial Costs : Buying a fixer-upper can be more affordable than starting from scratch.

I still have them complete my full application separately, and for those who do the showing and like it after passing my initial screening, then I run a background/credit check of my own.

Here’s how to navigate these issues and negotiate with "AS-IS" sellers.Step 1: Asking the Right QuestionsDuring the initial phone call or walkthrough, I ask the seller key questions to assess the condition of the well and septic systems:Do you have any well reports, logs, purity tests, or flow tests?

@Jordan Fujan In my calculations to buy a property once I’ve gone to the initial viewing I typically put between 5-7% for CapEx depending on the condition of the property and how much work we plan on doing to it upon purchase.

If I sell to you and you want it put into a land trust initially, then I deed into a land trust.

These properties offer the opportunity to enter the market with lower initial investment, with the potential to increase both property value and rental income through rehabilitation efforts.

It is prudent to have 6-9 months of mortgage payment allotted as an initial reserve account.

So I would focus on no prepayment penalties (you didn't mention any which is good) and also maximize the flexibility on when you repay, whether that's a longer initial term or options to extend. 

We initially met with a couple builders my father has worked with previously and are currently awaiting for detailed breakdown of cost estimates.What would be recommended for taking out a loan for this build?