@Youwei Chen You actually just mentioned a good way to identify your next target market.

What happens if I can't close on any of the 3 identified properties ?

@Sam Barrow Have some good friends in the Indy area from school, great to hear you are hitting developing areas.

Ideally, I would like to develop a long term relationship with a lender and we can both make money together.Thank YouMatt

As a Loan officer, i have relationships with various other banks and have identified my chosen institution that will allow me to put down 15% of the original purchase price and no more, so long as the "Arv appraisal has a loan to value of 85% still.

We are looking to wholesale it but don’t have a very developed investor buyer network because we usually keep everything we get.

Most information Im finding is about residential investments/ flipping/ developing.  

It has been rumored (I cannot confirm that this is the actual intent of the developer) that there is a new housing development going in on Culebra and FM 1560 that is exactly what you are asking about.

The key is to identify your goals and the strategy that will align with them.

In my experience the only way to make any money with a USDA property is to syndicate LIHTC funds and secure a developer's fee, as the rents rarely generate any significant ongoing cash flow.Kyle