The US Government and the States have but one way to deal with this, taxes.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Keep in mind tax's.

A common mistake in my area is to ignore Hotel Occupancy Tax.

 - prop 13 basically fixes the property tax.  

I had constant issues with the local government and the taxes were absurd.

Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work. 

@Kelly Taylor who doesn’t like tax free atm withdrawals?  

I'm so excited to hear the Maximizing Your Tax Benefits session!

Getting title and getting clean title for properties bought at tax auctions are two different things.