From what I understand, there is a lot of red tape with 203ks, so I think you may be looking for a very specific contractor.

The big question is how do we not throw a red flag when all the sudden this LLC gets 30k of cash (dollars bills) into the account to purchase the property

In the areas we lived, single family had better margins and were in the area this caucasian red head who only speak english and german feels comfortable late at night ;) Since I self manage that was key.

Normally appraisers keep it in line with the purchase price to keep the underwriter happy by not sending up to many red flags with a higher than necessary purchase value.

Assuming each lot would sell for $75-100k, that put us into the red and killed the entire deal.  

Likely flagged for auction.com, check if it was recently listed on zillow. 

This is a similar idea to the 203k but with less red tape.

All major metro areas of Texas are popping, red hot, some hotter than others but Texas is hot (in more than the marketing area too!)

Sounds like you already spotted that red flag ;) I'm glad to hear you're looking in Birmingham!

BIG RED FLAG HERE ...