Originally posted by @Dayron Burgess: what you mean This is going to sound fairly negative, and I really don't mean it to, and I really am trying to give some constructive criticism here, but everything about your post is wrong. 

I live in Ca. and invest in Texas, able to do so with excellent property management, construction/rehab contacts and financial connections.  

BTW: I'm creating an "Paramount Real Estate, LLC " entity for the purchase that Paramount Construction, LLC will lease from.

This will allow for additional funds to be spread out among the schools, fire department, road construction and other social services provided by the city.

We are looking for a construction loan for a property we currently own with no mortgage.

Both cities are full of new construction on the interstate ans cities.

Will you just be doing the construction on the units, and the lots are all developed and ready to go or?

It's an option to be considered, and it's big business for the many people involved in the process -- lenders, inspectors, real estate sales, the home improvement industry, construction, real estate attorneys, etc.  

We both have hands on knowledge of construction through small rehabs and he works as architect.

Making money out of property is just like any other business venture you would undertake.