I was buying brand new construction homes at the foreclosure sale for 30 to 50k.  2 years before the same houses were selling for 200 to 300k.. 

Best of luck, I bet it would be great! 

you bet.

Honestly that's what I'm betting on!     

Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).

These loans cover the costs associated withpreparing the land for subdivision, such as grading, infrastructure, and legalfees.Ground-Up Construction Loans:If you plan to build on the land, a ground-up construction loan might be ideal.These loans typically cover both the cost of the land and the construction.They can offer more flexibility and longer terms, making them suitable for avariety of projects.The best option will depend on your specific needs and plans for theproperty.

.)- DSCR Loans - typically your best bet if you don't quality (or have "outgrown") conventional or looking to scale a portfolio or diving into more specialized markets. 

I think that is your best bet.

If it's unable to be rented, a bridge type loan that Erik mentioned may be best bet.

A lot of new construction and steady growth ensure the demand for both investors and owner occupants are met.