Consider doing this personally or using an LLC.

As long as the city considers your property a true SF, you shouldn't have any issues getting this permitted (in theory, yet to see how some municipalities will handle this law).

I love the idea of financing land flipping since so few do it and I think it's the lowest bar to entry for investors who can hustle and are good with systems and calling (gold mine).

The best way to do this is to renovate a unit or two to the specifications to bring it up to market.  

Also appreciate your doing it to encourage others.  1) Totally understand where your coming from.

What's your plan?

It has taken four months.Unfortunately, when probate is involved, the process can absolutely drag out.

I would do it even if I sell far outside the 18 month window.  

The lot size, the pool, and the quiet cul-de-sac location provided great bones, and with the right upgrades and modern touches, it could command a much higher price in the competitive Hamptons market.

What Does it Take to Achieve the Dream of Full Time Real Estate Investor?