This structure is designed to incentivize him to come in under budget and ahead of schedule.

I now short term rent it out and would easily assess it $180,000 in under one year time!

I got over 100 responses in under 24hrs (see the screenshot) so the demand is real!

If you build and sell in under a year, you may be viewed as a dealer and be subject to shot term capital gains.  

With your income you could easily be debt free in under 2 years and get a guaranteed return on your capital.

She also stated that most of their deals are going under contract in under an hour.

These are the types of aspects that overwork and over-inundate newbie investors, so they end up selling their property or properties for pennies on the dollar, because they can't operate and execute when rubber hits the road.

Within the time it takes you to call a contractor and for the contractor to come out(if you can find one), take a look , then put the bid together for you is a huge gap of time that an investor can come in under you and put the house in contract, then perform their due diligence. 

Due on Sale Clause in underlying mortgage - We have attorneys draw ours up here to make sure we are legit - Ask about this in TX and how it works in the land contracts.2. 

I read somewhere that Cape Coral has something like the 2nd most new builds/capita in the nation right now and their permitting department is absolutely inundated.