I think it is a lower risk building this in the center of a city than on 4 acres with no utilities in the center of a rural area without comps or limited comps and only a vacation rental market. my buyer pool is much larger being in a big city and urban and buying infill lots like in columbus ohio. this is just our strategy, I'm finalizing the renderings and everything next week an in contract on our first build for builds in Texas but this is what I would do.

This was a seller-financed transaction, the terms allowed us to use the ground as collateral and I brought partners in after I got all of the city approvals, and they took over the future expenses for the seller financing note and the other costs like engineering.

Then they still have to pay you the balance owed when they refi after they created a nice spread on your now lower mortgage.4. 30% increase on your profit. 

Now I need help executing the transaction.

I refinanced with the owner once to lower payments.

For instance, if your property is listed for sale below its appraised value or if you reduce the asking price during the listing period, most lenders base their lending decisions on the lower of the two values.

That doesn't mean you have to close quickly...at least, not usually...but if it's a good property that might mean it will go under contract that day.The other thing to know is that if rates do go lower, that would mean more properties to choose from...but it would also mean more competition too. 

In addition to identifying owner-financed homes, they can negotiate better interest rates and terms with the seller and assist you in completing the transaction.

With lower credit score myself because I did not do credit much it is hard for a bank to see if they want to take me on.

Considering that you indicated having insufficient funds for extensive rehabilitation, it may be easier to discover a home that just need minor cosmetic repair.Before completing the transaction, thoroughly check the property.