I have specialized in land and new construction but plan to concentrate on investment real estate going forward. 

Their concept can be duplicate but you start small, a real estate licence, one renovation at the time, and eventually expanding into construction if that is what you want you can start where you are. 

@Jason Faucher,  These are crazy times for infill and spec construction in Pinellas and Hillsborough Counties.  

Regardless of what I had I felt more comfortable in the construction business.  

@James BynumWe have a similar issue with our construction and demolition (C&D) dumpsters when rehabbing houses in the "student quarter" this time of year.  

He is also buying a new construction condo and selling his primary residence within the next 6 months.  

It all started back in 2004, as a recent graduate working in the construction industry, I took to living in the basement of a SFH in Arlington Va where my older brothers lived as well as another roommate.  

If the home is being appraised as LTV should be post construction, if you are looking for a renovation loanI know this is probably not the exact answer you were seeking, but I think it should help broaden your play and help drill down the lender through a simple process of elimination, based on very specific qualifiers you define as it pertains to your specific strategy.

We are looking into switching to modular construction to shorten the construction process.  

Regardless of what I had I felt more comfortable in the construction busines.