I would think on a forum like BP more of us would be encouraging the youngster to brush up on fundamentals, rather than 2006-style risk taking.EDIT: If you read my first post carefully, you will realize that im not 'naysaying' im actually encouraging OP to educate himself

Lima One a non-agency hard and soft money lender once had 30yr loans at min $75k price at 75% LTV so loan amount min was = $56k loan amount

I personally don't care for the sage brush areas... and think many parts of N.

We use equity and debt (A&D loans) to purchase land, pay soft costs for zoning/entitlements, site plan design and engineering plus hard costs for mass grading, installing underground utilities, retention ponds, streets, curb and gutter, etc.

A broad brush can't be swiped over a block by block gentrifying neighborhood.  

We typically have you fill out a loan application with information on both you and the property, if everything looks good after the soft credit pull, initial property research and background check we issue what we call a term sheet. 

It is a detached 700 soft 1 bed over a 2 car garage.

If you have an ADU on your property, it's super easy to find out approximately how much you can take out through just a few clicks with only a soft credit pull...A side note: the founder of Figure.com Mike Cagney also founded Sofi and they got pretty some impressive investors.

I'm going to brush up on it and see if that will put my mind to rest. 

I have successfully used Credit Karma in the past to keep track of this since it only does soft pulls on your credit meaning they do not do full on credit reports and thus perform hard inquiries.