I would be inclined to go with this logic if it were part of a larger development or subdivision in the works, but this missing road is lined with various individually owned lots, so am I to assume unless all the lot owners get together and co-sponsor the construction of the road, that it will remain as is?

Always, I repeat ALWAYS do a full and complete analysis on a deal and NEVER NEVER ever purchase a property just based on any of these so called Rules.You may be very sorry that you didMake it HappenSteve

Also if you're ever in Dawson, look me up! 

Now of course being a developer I risk the building plans and other cost Usually 5 to 10k per home. but that's just the cost of doing business and we pretty much hit 99% success. but there are instances were we lose money because permits are not going to be issued.. but again just little hiccup and easily eaten.When I am doing my larger developments.. 20 to 50 lots..

What say you BP Community... have you ever had a similar situation?

Let me know if I can ever be of help. 

@ChrisJackson thank you ever so kindly.

Hard money is expensive, but most larger flippers have more resources and are not going to pay 15% and points on their money, I assume.Best,JTM

If so, have you asked them if rents or a larger down payment could help you get to the 600k price range?

Today I attended my very first meet-up ever and it was on note buying.