I understand the restriction on owning a co-op.

Dual Agency restricts the advice that can be given to a potential buyer, especially when it comes to the offer.

Again location is important, users like to be near major access roads for convenience. 

Add restrictions in the wording that allow you to pay off early make sure there are no balloons and finance it for as long as they’ll agree to .

Kelsie,Most of the hard money lenders you are speaking of usually fall into any combination of 13%-16% annual interest only; 2-5 points at the closing table to process the loan and 3/4 -1.5 points a month interest only.Please double check your lenders’ criteria, they may have restrictions regarding second liens during construction, meaning they prohibit anyone placing a second lien on the home during the construction process. 

He says they wouldn't need any hookups or access to the house at all and is willing to pay a few hundred a month for the spot.

I believe the lender I chose is restricted to Fannie Freddie Mac guidlines, is there any validity to his statement? 

If not, call the town.5- Can you even get access to this house/property from the other street?

I hope to switch over to their gateway box instead of remote readers soon so I can access data from the internet.

Well I have access to all types of leads in any state .