It it's not FHA standards it would be a cash only purchase or treated like getting a loan for raw land. 

If you're going to fully benefit from membership recognize that most people will communicate with you online as if you've been a member for some time and just put their opinions out there, in the raw. 

Caution on speculative developing raw land - - you can get burnt real bad.Suggest a marketing plan and presentation that you use to find that Anchor tenant and get them under contract before breaking ground.I'm sure you know the Anchor is the key here and w/o one, it will all wither and languish. 

The numbers given by owners and agents may not always be in line with reality.This site is loaded with resources to help you gain knowledge with regards to determining an appropriate offer price as well the NOI (net operating income).Although the raw numbers of the deal are very important most deals have other factors that are worthy of consideration.

Since then I have started a small side gig buying and selling raw land as a way to remove myself from my career in the transportation industry.

In the commercial real estate world, there are mainly 5 different fields (retail, industrial, office, multifamily, and raw land), not just one as in the residential world.  

There are two:A) The cap rate to the right of the thumbnail is calculated using the raw/hard numbers (without vacancy allowances or repair expenses).B) The cap rate under the 'Financial Analysis' tab includes all expenses (including vacancy and repairs).

The raw reality of that type of investing is rarely discussed on these boards so newbies get the wrong idea.

However, if it is raw land you might have to pull everything from a distance. 

I purchase raw land as a hobby/investment - typically city lots with no structures.3.