The company seems to be a loan broker.  

Quote from @Tim Ryan: If he cashes out the equity, he's borrowing money at 7% or higher so that he can invest in real estate with loans at 7% or higher.

Can a person own two homes with two VA loans and refinance one of the homes  into a conventional loan freeing up some of the entitlement which would enable you to buy a 3rd home under the VA loan?

Question 1: Whats a good creative way to get them to sell these lots either outright or as a short term investor and can buy them out when the construction loans turns to mortgage?

The 16% ROI includes the loan pay down after year one coming from the amortization schedule along with breaking out other ROI considerations. 

Because a lot of landlords are pushovers and will do the improvements.

As a lender, what type of lawyer do I go to draft loan documents for me?

Used a loan broker, then refinanced at a lower rate fixed for 10 years after 1 year.

Once you make assumptions about redeploying your periodic note payments, such as the rate of return earned on the reinvested amounts and the periodicity, you'll see improvement in the CAGR for the note.

If you are looking for a loan product without having to use your personal credit, then a DSCR loan option may be for you.