Two lots being built currently and selling my airbnb so I can build on the other one.

My first out of state rental would be "safer" buying turnkey however I won't be able to scale quickly. 

Agreed, we had one sell at auction recently that sold 10K over our credit bid, which was set at the BPO price from our realtor. 

Thinking 🤔 what I should do sell it or build then sell.

You seem pumped up to do this, but do it first at a local meetup (in terms of connecting with people) or else you are just going to get a bunch of people trying to sell you services or on how good they are.

The owner buys or sells the property with us when the time comes (verbal agreement only), 3.

This particular property is a SFH that is now assessed at $1.1MM and if it were to be sold could only sell for about $700K given the market and comps.Buyer beware I guess.

You wiilikely also need a real estate agent to actually list it, and be aware it must sell for at least 95% of a current FHA appraisal.

Not a big fan. what about Poncherelly selling CAL Pines.. how many lots do you own there.. ???

I think your best bet would be to go through your rolodex and ask them what they are looking for (asset type, specific returns, timeline, etc) and become a bird dog/wholesaler where you would sell the deals you find.