Unless the land is super valuable, probably not collateral for the mobile homes. 

I definitely ended up passing on this "deal" based on the red flags.

There are financing options based on your specific circumstances. 

I've got a property under contractPurchase price $78K out the door (I have cash to close) Intent: build on the property which already has a functioning well, septic, and needs PGE installed Total buildout on the property utilities: $128K including the original land purchase price.

Hi all! Excited to join the BP community.
About myself - I am a principal of a RE development company and co-founder of an proptech company. 
On the RE side - I own/developed 2,000 residential units across the Unite...

Id like to understand what the most profitable way to fix up a current 1,700 SFR in a 6,200 sq. foot lot would be? The lot goes from street to street. Plan would be to sell. 
1. Keep existing building ($850K appraisa...

Long story short, he ended up buying a worthless piece of land. 

This almost always means they are a land lord or the property is currently vacant and likely to sell soon.

Don't have any land specifically, although we've got a small town about 40 minutes north of Baton Rouge we've been investing in lately that seems to have some demand.

Most land buyers who are developers usually stick to a very predefined region within their local market and they hunt and wait for killer deals and market swings to get the land they want for the very specific purpose they want.