Both of those loan types have income restrictions but in some instances you can qualify if the property is in a certain census tract. 

Walton Group Acquires 1445 Acres South Of Houston Near Alvin In Brazoria CountyThe Walton Group of Companies acquired a 1,445-acre tract located off SH 288 fronting FM 1462, about 25 miles south of Houston.The property offers proximity to transportation corridors (SH 288 and the future expansion of the Grand Parkway).

Residential remodels is a tip of the iceberg in the construction industry, at least try commercial, industrial or government if you want to step up, or if you want to stay in residential, try tract homes, pay is almost the same.

The recoreded plat should tell you if it is an actual buildable lot and what if any easements or conservation tracts may encroach on the property.

Another thing i'll say is that this approach really only applies to land that is already zoned for the use that you intend to use it for. it's a whole different game if you are buying tracts of land with the intent to rezone and create more density or different uses.

As we know from 7th-grade biology class, the digestive tract of the snake simply engulfs the rabbit and, if watched over a period of days, the huge bubble progresses through the snake until the rabbit is gone.

Also look at your #'s even if your buyer can get financing count for your sales costs and if buyer may ask for you to pay their Closing costs and if appraised going by your numbers you will take at least 10k hit because of R.R. tracts.

We have another house in Chestnut Park, aka the Lalor Tract, which is a 4 bedroom, 1.5 bath. 

The property has over $35k in property taxes - I assume this means that the HOA is responsible for this property's taxes and they are the ones who have not made the payments. ( Or does the owner of a home in an HOA tract have to assign the deed to the association, [I have no HOA experience]?).  

Some newer tracts with strong HOA's may require the new owner to put up a fence.