Consider exploring financing options like FHA loans and refinancing as the city grows.

good area to buy. would love to discuss if you are looking for financing options

If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved). 

Sit back , let him build the house , and when its done , say " Thanks " You should check with a local land attorney and see what your options are 

If you ever want to explore other funding options for future flips, let me know! 

But even if multifamily options are limited, a single-family home with a rentable guest suite, basement, or garage apartment can still work.Finding a VA-friendly lender who understands house hacking is key.

I was looking for some advice (viable target areas in Cleveland or Ohio in general, financing options and credible PM/realtor contacts) from the experts here though especially if you are in a similar boat as mine (reside in Canada/Ontario area and invest in US). 

The reason why I ask is because that could determine what loan options are available to you (and interest rates). 

I feel more at ease losing this deal and finding my client a better option.

That will start to tell you if rentals are a feasible option for you.