@Joseph Turano Looks like a great deal and good use of low money down!

If that's what you really want, maybe a friend or family member would enjoy making some extra money.

I live in East Idaho but do Hard Money in the magic valley as well.

Therefore, since this loan will end up sitting on the lender's balance sheet, you should be prepared to pay an interest rate that would make sense for that lender to have their money tied up without earning the additional income they would earn from selling their loans at a premium on the secondary market and being able to re-lend and keep flipping the money. 

My plan will be to purchase a vacant land with cash and finance the home build through a private money loan.

If you want to make money in real estate you don't cut special deals because of a sob story.

I guess maybe, I could put less money down, so I could show a greater loss for this year?

Go right ahead... burn your money, others have more common sense! 

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Other words I find a way to make the deal work.For example,I just bought a property with hard money to buy it, expand on it, and rehab it.