We identified a good region and are currently looking for raw land to developed that is zoned appropriately.

There are lots of resources on BP for raw land development.

@DEBRA BROUSSARD I purchase the raw data from Airdna and not their report.  

Taken all that into consideration, you could subdivide the land and list the lot raw and let a builder entitle the land to build and you just pocket the raw land value.

The cost of raw materials has forced us to increase our construction budgets across the board. 

It all requires alot of work turning raw land into a liveable and driveable area.

At 25% you are both borrowing less (which improves raw cash flow dollars) and typically getting an improvement to your interest rate (which also helps with cash flow).I am not sure if you get an interest rate improvement at additional down payment levels... perhaps a lender knows the answer to that.As for which loan program is better, it really depends on what happens in the market.If it were me, I'd model whatever I decided to do with both optimistic market conditions and pessimistic market conditions and make sure you're comfortable with both.

And you want that because he sees things you don't, gets raw tenant complaints, and he comps  (limited) the area for you.

It more about the details of the report than a raw score.

Raw land?