9 acre, 33 single family, ground up development project in West Palm Beach 33413 asking $2.3M ($70k/lot) for raw land.

I recently bought a foreclosed mobile home for $27000 with .5 acres of land.

I am in the land bussines myself but refer my investors to other sources if they want houses.

My guess is you still make money on that.   2) If you don't pay the tax, then the property will be delinquent and go back to auction.3) Seth Williams site is great for selling land.  

They don't know you and can't be sure you won't bail at the 1st bump in the road or if another shiny ball bounces in front of you.Just as importantly, you trying to finance 110% (40% from owner + 70% from HML).

Also, Yes you are correct that 200 days is horrible and they are probably getting angry with each other and want their inheritance money by now.My guess would be that the property is fully paid off and they have the luxury of time to wait without mortgage payments.I suspect the property is in rough shape and investors have been low balling them and they haven't dealt with reality yet.

A good agent  who works the area in question (I only do the tiniest parts of Anne Arundel near Laurel, Crofton, so I wouldnt know) or a landlord with several rentals in the area should be able to give you a ball park idea of rental demand in an area, how long it will take to rent a unit out, how many applications you might see, what type of tenant base you are looking at.

My team is actively looking to purchase a multi family in charlotte, or land to build.

Most banks (if they even do construction loans), will require a 700+ credit score and 20% down on the hard costs of land acquisition + construction.Here is what I'm thinking:1) Get a pre-approval for my customers for a traditional loan2) Get some sort of equity down from the customer (cash or land) so they've got skin in the game3) Do an appraisal on the after construction value of their home4) Assuming the numbers work out and we're covered in the event that the original customer can't close, build their home for them with us fronting the money5) Sell them the home at completionI have two questions for you all:1) Do you think a hard money or private lender would be interested in this, assuming I'm offering 12% interest on their money for the 3-4 month build time2) Do you see any legal problems with taking money from the customer and then selling the property to someone else if the customer screws their credit up during the build and is unable to close?

I'm not in the land lording business.