You'll want to make sure that you have the architects, engineers, contractors, etc. all lined up to really build the case to the lender that while you don't have experience you do have a team of strategic partners with experience. 

It's an easier, less costly way for Homeowners to use their equity -- not just borrow against it.My experience: real estate law, finance and development. 

I want to know of people’s previous experience with them before I proceed.

I'm just curious to learn from others' experiences.

what are your thoughts/experience with turnkey for starting

In my experience Loan to After Repair Value (LTARV) is most commonly used as an Underwriting metric to ensure "the juice is worth the squeeze", or in other words, to make sure the project is worth the investment.

I am sure someone else on here with more experience in this area will chime in on that.   

I have no experience on how to value land or trailers though.It's 295k. 2% earnest money. 

Sorry to hear you haven't had a great experience.

@David Song work with an experience qualified intermediary to help facilitate the 1031 exchange of two properties into 1.