Besides the origination fee it sounds pretty accurate, You maybe able to save a fraction of a point here or there but you will most likely land around the same numbersI am also assuming the add on's land you around 8.5% Were there any buy downs offered? 

Best thing is to get some ball park numbers from some contractors on what you are looking to do and go from there.

Thanks for sharing your house hack experience, I did it whilst living in the UK, I believe we should all do it at least once, to gain a bit more experience of land lording and managing tenants.Good luck!

I came to an agreement with a widow on the sale price of a piece of raw land. 

Land costs will be around $125k.

I'm looking to buy two SFHs on one plot of land about an hour out of Washington DC.

They would purchase the land and hold the construction loan and I would do the rest.

I believe that my skills (and hers) will help us get the ball rolling in the beginning.

I'm a certified horticulturist so I figured that land flipping would be more my field.

The resulting figure is the agricultural assessment for the eligible land in the parcel.