Thanks for the replies and advice.  

(I know, material prices are thru the roof and lead times are long as well).We are thinking we can pay $160K cash for the Land.Then, use the land as collateral (Leverage) to get a loan to build the house, which is going to cost $550K to build.a) Will I still be financing the total $550K?

Will:  I am learning too. 

Thanks for the replies!

@Houston Garcia @Chris Mason @Chad HadeThank you for your replies.

Jonathan, thank you for the reply.5 - 20  door commercial properties is the type of mf  I will concentrate on ( b and c class). 

Thanks for the reply.

Will I lose out on some of the tax benefits?

@Stephen Brown thanks for your reply! 

Ask Willie Nelson who moved here decades ago.