But assume you found a property they would allow you to do it on. 

could it service the debt on $1m?

Quote from @Yamil Naf: Quote from @Andrew Steffens: Echoing @Jonathan Greene above but if I was interested in doing this project why would I not just do it myself and keep all of the equity and cashflow?

We are not the right choice for everyone, but we do help hundreds of investors every year start and progress their investing goals.

You should ask to speak to the commercial lender at the bank that carries your property's current mortgage.

I would only do on 1+ acre properties.

We have an opportunity coming up from a family member who is willing to sell us my childhood home for what they got it for (240k) and the comps in that neighborhood are 600k+.

I love the idea of financing land flipping since so few do it and I think it's the lowest bar to entry for investors who can hustle and are good with systems and calling (gold mine).

You can't do 1031 exchange for your share of the MF property.

It's possible that your tenants are using something like that and then bringing the stuff down to dry it.