20 townhomes sounds like it would be sales, but I don't like to assume. 

Quote from @Anthony French: I’m relatively new to real estate development, having completed only one fix-and-flip project.

It sounds good in theory, but in practice is highly unlikely.  

@Matthew Creel sounds good.

It sounds like you're talking about living in one home and renting another structure that's on the same land?

He was terribly miserable, and you can tell from his Facebook postings he sounds desperate, you know the multifamily mindset Facebook group.

Quote from @David Kanarek: As usual you are completely 100% wrong, and you know who disagrees with you?

If you want to develop it, I can refer you a lender that will lend on a completed subject to appraisal but you'll be limited if you just want it for the lot.If you simply want the land as part of your property, you have more options including a HELOC which you can still use for development down the road. 

Insurance for sure wouldn’t cover you.Just a thought and I could be completely wrong!

It sounds like you could have a promising deal, so lean on your experienced agent for guidance and go take action!