We would typically lender anywhere from 75% to 90% of those two numbers together and consider the cash you paid to the sheriff toward the required equity injection.

Two other lenders gave me options with the final lender willing but with a larger cash injection than I was comfortable with.  

Injecting money every month into a rental makes zero sense.

A big question that I would want to know is how much, if anything, are you injecting into the deal?

@Jeremy SchaefferJeremy,What you are trying to build, when you are trying to build it, your ability to cover the equity injection, and your track record will all dictate the availability and terms of the loan you can generate.

You'll want to also add in any other cash you inject - rehab costs, permitting, costs to rent it, etc.

Such initiatives hold the potential to inject much-needed housing supply into regions, especially those along the U.S.

In addition, this land isn’t located in Atlanta, GA but in a town within Mississippi where they have been injected with economic stimulus. 

You might end up needed to dump it and save some powder for the next deal...or take on a partner to inject some cash for a buy and hold. 85% is going to be pricey, but do-able. 

On the other hand you can also have a Second Home/Vacation home built that includes the cost of the land into the build.It all depends on your goals and how mush liquid reserves you are trying to inject into the property up front.