Hard money lenders have a good amount of flex when it comes to FICO score and typically the main issue that borrowers with low FICO's have is that their max loan size gets cut which doesn't seem to be an issue here.

You will need to determine the level you participate in your investment as well it makes a big difference. 

What I am saying is the tax bill for you could be wildly different depending on how long your partner has owned this property and how much depreciation they have taken.  

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

I think it comes down to two main questions:1.

When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.

Since you have built a lot of them, could you spare 15 min to share your perspective on the main pain points of land discovery?

I believe the investor may need a commercial loan at that point or could do 3 separate loans since they are on different parcels.

And the laws and regulations here are very different, not very strict like the states.Prices are high and rents are low over here.

I currently own 4 rentals in different states and looking to buy more.