Based on IRS Private Letter Rulings (PLR 200805012 and PLR 200901020), development rights can qualify as like-kind property for a 1031 exchange if they are considered interests in real estate under state law.

I've had success turning vacant Florida land into private shooting ranges.

Coos Bay - The main delay with application in this area is whether the property is on public utilities or has a septic system and private or public water source.

I would have a house already but that is used as rental and I bought it using private lenders.

I'll shoot you a private message.

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

We use it for private lending.

On paper we were slightly in the red but much of that is due to one-year expenses/repairs & allowable transportation costs to get up to the property for work days ourselves. 

I'm presently a facilities engineer by trade, who does some construction and maintenance for landlords on the side, hoping to get back into the private real estate game.

After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.