Just know actual land development is a bit tough and can be expensive in rural areas.2. $100/sf seems really low to me. 

Wilmington is a very tough market at the moment in my opinion.

Partner 1 - Tip worker, makes decent income in cash but low income as it relates to a w2 Partner 2 - Self employed.

The next thing we learned is how tough it was to find good help.

Reach out to Agents in the area that have sold similar properties and see what lenders they are recommending to their buyers; it's usually not too tough to get a preferred vendors list from Agents and those can end up being some valuable connections.

Lso be sure to budget for a long wait time to get workers on site as the trades are very very busy - for example i bought my home 6 months ago and will finally get to move in in April.

@Tyler Henry It's tough without knowing you or your situation well but it sounds like self-education is where you should start. 

The tough part is finding deals in the area that make it worth buying.

We've had a tough time finding companies offering HELOC's on investment properties, and we're looking for additional options to the one we are considering as well.

@Greg HoffmanYour question is a tough one.