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.

I have s construction background so I'm willing to take on some fixer uppers. 

I am 59 years old and I know what to do because of my experience in construction and real estate and learning on BP and others since I have been recovering the past 5 years.  

This means that the house must not look like a conversion, make it look like it was part of the original construction. 

Would love someone to throw me a bone.  

You could also look into construction/absorption rates of units in the area which will paint a picture of the supply levels in your market.

Earlier in my life I worked in the construction trades and built a 1600 sq. ft. home by myself.

I do have a construction loan in place once the land is purchase and will take out within 30days.

Generally you see if the construction or permanent loan is assumable.