If this is true raw land with no utilities in place that's a harder sell since grading and utilities are the most expensive cost to land ventures.3) What's the current zoning, and are there any changes to zoning in progress to increase land value? 

As for the legal structure, you best bet is to speak with a securities attorney. 

I bet that would add up to more than a flat higher rent.

@Russell Brazil  I agree with Russ totally depends on what kind of real estate.. keep in mind that when you ask this on BP 90% of those on this site will gravitate to the only real estate is rental either sfr or small plexs or MF.. there are many many other types of real estate .take for instance in my mind one of the safest and most passive is investing in land in the path of progress.. pay cash and hold it.. nothing to it.. over time if you buy right or you buy a timber tract with middle age marketable timber species like Doug Fir or white pine  west  East  … these are very solid long term safe investments that you just make and sit and wait.some of the biggest money made in real estate though is land in the path of progress.. this keeps you immune from the ups and downs and risks of tenants.. 

The  hallmark of scammers is advance fees, but I'd also be worried about giving them your personal info and SS#.As a physician, I'd bet you can get a decent line/loan from any number of reputable lenders.

If the market starts to turn, you could still be months away from a completed product and have little recourse but to stop progress and take a loss. 

It s a little long...thanks for taking the time to read it Payments½ down is required of which plan you choose2nd draw is half of what is left when Heating is installed3rd draw is after project is 80%4th draw is due after completionPictures will be sent to ... as progress is moving along.

With what numbers you have there, if you are looking to BRRR then I would bet you wont make much unless you park a lot of cash into it and are good with cashing out your rehab money. 

Private lenders would be your best bet...but your play on the rental would be a cash-out re-fi more than likely...I really don't like the concept of assigning debt to your holdings just to buy more properties...your one rental paid off entirely will cash flow more than the next 5 you acquire with debt. 

That's going to be your best bet.