You will need to get a local, rockstar Realtor, contractor, lender, and property manager.https://www.biggerpockets.com/blog/core-four-real-estate-tea...

You are hoping to have a partner invest in the land and trust that an inexperienced operator can make it profitable.

I'd be cautious about overleveraging yourself, as an inexperienced investor.

I was a prime example of someone who set high expectations when I was young and inexperienced.

Good pm companies will not take on the low asset grade problems bc they simply aren't worth it and you are left with the inexperienced or bad ones. 

The inexperienced have maintenance/cap ex for low unit count properties at unsustainable numbers. 

I would shop around, maybe the LO you're dealing with is inexperienced and is mis communicating or they may just have odd lending practices?  

Our goal is to sell the first plat with the house and use the money to build a modest modular duplex on the other plat to rent.We are both very inexperienced when it comes to building and renting, and need all of the information we can get- what are some unforeseen costs associated with building a modular?

It’s especially unhelpful because there are many people trying to fleece inexperienced investors.This is one of the main points-counterpoints.

If you day-trade or read the tea leaves for hot stock tips or play the ponies or simply put your money in index funds, do any of these things occupy your interest like real estate?