All lenders have strengths and weaknesses, staying close to them is the only way to learn what each of those are.

Third, if they have $2bn of agreements (whatever that even means) why haven't they actually started building anything or even closed on the land.  

Quote from @Matt Levine: Hey @Benjamin Carver, thanks for the write up.

Close to the University of Virginia and a large research hospital. https://www.airbnb.ie/rooms/851008521978902877?

Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

it will be a corporate/wellness retreat/short term rental destinationI need land that is close to the Action, but not too close, and preferably comes with two single family doors already built, so I can take advantage of Fannie Mae owner occupied loan and develop the rest of the land on my own and with private funding.Is Columbus a good market for this strategy?

Thank you Alan, My mind is made up.

@Elmer Urias I ended up buying a vacation rental on Emerald Isle NC instead of Ocala.

Since you're so close to Loyola and not too far from Northwestern, I imagine you might have a pool of people who need temporary furnished housing while they study, do a medical rotation, or travel in the medical industry.

Three and four units properties tend to be slightly more investor facing, but there are still a lot of regular buyers that pick up three and four units as well.