I forget what episode this is but there was someone up in Seattle doing something similar to this, but he talked with a builder who then helped him find the bank financing since and they understand a bit more about what is needed to make the financing work.

@Lou Siri, as I work for a builder this question comes up on the DAILY. 

I have my builders license so I can run any part of the project, but sometimes let my go-to guys pull in subs because they keep them busy and as a result have a great relationship and pricing strategy, vs. when I call in the trades it's a one-off project for them and they price accordingly.    

It's listed for just over $5,000/acre - which is a GREAT price around here for the acreage, but the size of the lot is much larger than most builders want, and seller doesn't want to parcel out. 

I subdivided the land into small lots and sold them to a local builder.

From my past conversations with builders and investors in the Dayton area I have found that rezoning is very difficult to achieve.

I purchased the land via loan and then started the process for finding an architect and builder.  

In most states, if you own the property, you can act as an Owner/Builder and pull your own permits.And getting a Contractors license is not that easy.

I do have 10 years doing remodeling as a licensed builder and good credit though.

Why not be a builder?