The $20k lots were near or in flood zones, steep slopes, rocky, woody and had limited or no utilities.

In my limited experience, they add no real value to the process, and like you said, don't really know costs, and while ARV is fairly easy to determine, they are always aggressive on those, too.So, how do you not get taken to the cleaner?  

I have a custody situation for my 11 yr old that limits my ability to move too far away.

The city's rising stature as an international tourist and business hub, combined with limited waterfront property, suggests a promising upward trajectory for property values.2.

The best part is this is not money lost, meaning, you can always pull lout the amount of credit that you have up to the high loan limit, versus where your current balance is.

The insurance company wants to understand the limit of their liability and those documents spell out what the HOA says they will pay for and what they will not.  

Minus 40k rehab, leaves 200k toward the purchase which means you are 40k out of pocket.Now the job is over and you go to refinance and the DSCR will be based on the rent which is 2100 which is less than that 1% rule and will limit your cashout ability. 

It’s very likely a tenant would have limited resources to be able to market the property.hope it helps!

And I’m not sure what the laws and limitations would be or if a syndication would be necessary.

Sell the empty lot OR JV with another investor who can take over the project and keep you as a silent partner or limited partner.