38127The median household income for 38127 is $35k, which is near the bottom of the US. 

@Sarah MinorHave them overnight you a check.

If the land is worth $200k, then you could pay the other $30k out of pocket and finance just the land. 

You are past your inspection contingency so if you cancel you are not protected.

An INVESTOR should only pay the price that meets their ROI criteria, which should include risk factor!

You say you have the tools and education to start " flipping," as you say, but  what if it's harder than you think?

If you have a 3bed/2bath with 1,800 square feet, granite counters, tile floors, and attached 2-car garage, then you want to look for homes that have those same features and see what they are renting for.

You should connect with @Grant Shipman.

That to me is the simplest deal structure and the least "risk to you" as you aren't waiting for the final home to complete to be paid, as I understand it most construction loans close on the "dirt" up front....although like everything in real estate its infinitely negotiable and changeable.  

Then delivered random orders which we were not allowed to do in building. then, sat there.