I've grown to learn that not all banks or lenders are the same and they have different appetites for certain types of borrowers, collateral, loan types, etc.I've definitely done BRRRs in my market without seasoning.

Some commercial lenders may let you do this via them placing a second mortgage on the duplex, but I've not attempted this so not sure what sort of appetite there is for this kind of loan.If you're going with a commercial lender, just ask them what they can do and they'll tell you. 

We’re in Phoenix/Scottsdale area and I had the idea of killing two birds with one stone, mainly to wet my wife’s appetite for money, income, and FI.

Every group has a different appetite, and it can be a challenge to match the right group with your specific type of deal. 

The broker will likely have better knowledge of which lenders have an appetite for a first time 1031 borrower from California, for example.Another thing to consider is to buy a smaller property that you will not have to borrow money at all.

All meters are pulled and the city has told me that the building has to be brought completely up to code and have a fire suppression system installed.

The land becomes more difficult to get cash out on, probably closer to 50% of value (if there is even an appetite for the loan).

New development on larger projects like 14 acres at this top cycle there is not much appetite for it.

If you have the itch and appetite for development then maybe you go the route of developing it yourself and finding a good civil engineer and custom home builder.

The trick is going to be finding a bank that has an appetite for 10% down jumbo and jumbo investment (regardless of down payment) that won't make you move all your money there in order to do the loan.