@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.

This approach could inject additional capital and expertise into our venture, paving the way for accelerated growth.

Here's how I might figure your numbers:Rent +1500Mortgage -600Tax -220Insurance -60Vacancy -120Maintenance/Capex -200Property Mgmt -150___________________________Total return plus or minus 150 a month; of course, you can manage on your own, but you shouldn't include it in your CoC returns, since it's a labor cost that you're injecting into your investment.What part of town is this one in?

While at the same time circumventing the typical process of injecting capital into distressed areas.

This turns the investment property itself into a liability since it is primarily only your own cash injection that is generating positive returns.