The last thing I want is to build a house and it just sit there.the one new build i did was a gimme from a builder friend of mine. 

I had worked with several builders for years, and during those good years, every trade had their own spec home on the go.

I've got a builder lined up and now I'm just working through the best way to fund the project.I have a significant amount of equity tied up in my personal home. 

My father in law is a loan officer for a major builder and he says their biggest struggle is finding good and reliable contractors to build the homes. 

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.