I've gotten consistent dump truck/trailer loads of scrap stone pieces (for fill) from the counter guys at times, just make sure to insist they leave out the trash.  

The interest rate that I was utilizing was a little low, from what he told me, in my area I can expect to pay about 10-15% interest based on several factors (How much or little experience I have, credit score, the deal itself, etc.) and I will definitely be paying points, how much will vary by HM lender (usually between 1 to 3 points).

Not only that, but you'll have to also pay interest only payments on the loan while the property is being built as well.

Each scenario would change how much each person could pay for the land to make it profitable for them.  

Now you need to figure out how to find deals and pay for them.

How did you pay for the down payment, holding costs, and repay the contractor?

Obviously I don't want to cash out refi and start paying a loan and then wait for an opportunity.

There’s so much hype about Micron that folks are willing to pay for potential- don’t do that!!

Also in my market owners pay the water bill. 

@Scott Eadieunderstood - that's way above my pay grade since I don't know you or anything about your background or financial situation.i still recommend a house hack whether you have $10 or $10M.