if you have an option you don't own it If the builder wants the lot why don't you try to joint venture with him Change the lease with option to a subject to and a single payment note  at a price the owner of the lot would like @Sherri Southwellundefined

Hello friends with bigger pockets,I am looking for feedback on the next step in my investment strategy and was hoping you could help. I am a young engineer who wants to be safe or smart with my money. Not afraid of do...

You own the company, you control everything, so the company is the same thing as you personally."

What that might leave is just the real deal ones to invest in. http://labusinessjournal.com/news/2016/feb/09/top-silicon-beach-venture-capitalist-warns-bloodba/

Welcome to the site and I wish you the best of luck in your venture!

That being said, this is a new venture for me so I want to go into it prepared.

The OP is controlling a $500,000 asset with ZERO in to it!  

When you control a property you can then schedule showings and open houses at your convenience.

AFFIDAVIT OF OCCUPANCYApplicant(s) hereby certify and acknowledge that, upon taking title to the real property described above, their occupancy status will be as follows:Primary Residence - Applicant(s)shall occupy, establish, and use the Property as Applicant(s) principal residence within 60 days after closing and shall continue to occupy the Property as Applicant(s) principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control.

I would recommend attending local real estate meetups in your area and get yourself out there.I wish you the best of luck in your venture