You'll get differing amounts and qualities of leads depending on the type of marketing, but also depending on who you're marketing to and where.

Even if it's a total rehab if the land bank has a property in an area where the arv's are substantially high wouldn't that be a good deal or a promising neighborhood for buy and hold.

"Inflation expectations" is a purely rational and logical way to look at it, but let's consider that bond market buyers/sellers aren't 100% comprised of Vulcans, and that there are highly emotional and irrational individuals among them, as well. 

If you aren't getting any traction within about 10 more days, your asking rent is probably too high for this time of year. 

Below is a high level overview of the Freddie Mac SBL, Fannie Mae Small Loan, and HUD 223(f) programs.

As a person who has lived in NC & SC and Phoenix, I would highly suggest AZ.

I have to check on codes/laws/regulation, but I know CA is on a high of making thinks convenient to build those at the moment.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years. 

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.