There are other submarkets of Columbus like upper Arlington that have higher like $500 per square foot but the purchases are tear downs at $200 per square foot so the real exit is $300 or so.

It will likely be a web of contractors, engineers, and architects, but some those are ultimately leading to the developer. 

Dismissed, actually more like Marxism!

Welcome to BP, sounds like you have a good gameplan!

I can't imagine they would cancel your loans like this other lender has unless they had cause.

This is more or less like BRRR where I can refinance after renting them out for as much as the cost to build.

We had success in summerlin with insurance company paying .. over a 24 month period we had 3 tenants   fair market rent at the time was about 2200 or so non furnished.. we got 4100.00I did not like the turnover so I put it up as furnished rental and got 3500 and its going into its second year with a superb tenant. so seems like a happy medium for us.. 

Hurricane Milton recently caused widespread flooding, yet this house remained unaffected.

I have had a long term interest in purchasing an investment property and I'm looking to be smarter about this.

As @Joe Villeneuve recommended, would look elsewhere at this time.