What is the cost to build, and what is the value of the small lot with a completed build worth (Z)Value= X+YValue =X+ZIf X covers your cost after the rehab and you pick up Y for nothing and can build and sell for a gain that is a win. 

We're talking like a 2008 type of catastrophe happening before you'd have to worry about notes being called due, and still you'd find banks to back you as long as you held cash-producing assets.As long as you use a HELOC to purchase an asset, you win.

I typically view most cities along I-35 as a safe bet but I was wondering if I had any Hillsboro, Tx investors on here.

If you want to be more in the Denver metro area, then Arvada, Wheat Ridge and Littleton are your surest bets because they're the only cities that currently allow non-owner occupied short-term rentals.

It was an interesting lot, the county created a handful of parcels on the lake and opened it up as a lottery to win the right to choose and buy a parcel.

I would bet you a dozen doughnuts you’d get a better net price from Zillow/Opendoor/offerpad than from investors. 

When you get your $140,000 loan you will be paying substantial costs and while you are working on the property you will be paying insurance, property taxes, utilities and I will bet the cost for heating while you are working during the winter will eat up a lot of cash.

With no track record, your extended family are your best bets for some startup funds. 

Your best bet is to get your realtor to provide there opinion of value.

@Marco Manomat I agree with @John Underwood seller financing is likley your best bet.