If the investor is using a HML, offering a second position may be challenging as most lenders prefer to be the sole lien holders.

@jon Minerick offers the service in my area.  

Lacking the capital and building experience to develop it ourselves, we want to offer the backyard as a "Developer Special" on the MLS.We’d rather not risk demolishing our home at the front of the lot.

Generally you'll find that most markets offer either primarily cash flor or primarily equity growth.

What other Midwest city has as much investment planned as Detroit, yet offers such affordable real estate investments?

Thanks in advance for any insights and guidance you can offer!

Once you gain traction and get some deals the good news is you can hire a VA to at least to the initial calls for you (less no's) and you only talk to the ones interested in your offer (I know it because I run a call center for Real Estate).Mailers can also work, in that case interested sellers reach out to you, mailers can be expensive though so its also a numbers game.

This is making it difficult finding insurance carriers willing to offer a policy.

If you were to 1031 and walk away with $100k in escrow, you would be able to purchase a $500k deal with a DSCR loan. 

You just need to make sure that the list price of your property is well below 70% of ARV to ensure wholesalers or fellow investor end buyers will be putting forth an offer.