A lot of loans require that you already own the land outright before they will provide funding but there are tons of different options.Once you have the funding piece figured out, I would discuss with a builder and try to price it out.

Make sure under the sink there at least a big piece of plywood that can take a water leak.

As someone who has coordinated 40+ deals in last 18 months for clients, I can tell you that the hardest piece of the puzzle is the property, the opportunity. 

How you buy the deal isn't always the most important piece. 

This would also likely be unenforceable due to no authority to sign such an unnecessary piece of paper onbehalf of the remote buyer. 

Typical retail lots sold on the market for $55-60k a piece, an off market lot from a wholesaler usually come in around $45k a piece.

I'm closing on a piece of land here in the next few weeks, so I'll get to developing that after we see how the market does.

Quote from @Esther Joseph: Quote from @Mike Grudzien: Esther,That's a very, very, very, broad ask.Do you have a specific question or piece of information you would like to determine?

The queen is your most powerful piece, but it needs to be used wisely to win the game.Here’s how to play the game:1.Protect Your Cash: Instead of using your hard-earned $80K for large investments outright, leverage it strategically.

Are you now using one piece of software to help with your newer due diligence process or are you ad-hoc performing "deeper tenant screening, verifying payment histories, and cross-checking financials with third-party records."?