I plan to rehab this property once the cost of construction goes back to normal.

@DeShawna Travillion - That would be a construction loan; however, they most often want you to have already purchased the land.

-the seller should collateralize the note with the property (although the construction lender will want the note subordinated), pay off the loan (in addition to regular payments) with release fees as each lot is sold, and make sure the interest is paid (not accrued) regularly.Your issue is classics dealer vs investor issue.Note: Classification of gain as capital or ordinary is determined property-by-property, based on the statutory determination of whether the property is a capital asset or property held for sale to customers in the ordinary course of business.

I worked with a neighboring business, La Jolla Pools, who took care of the pool and the exterior of the home, and my construction company did the interior.

I am currently working with an investor who purchased a couple of lots for new construction.

I have a construction loan that will be converting to a permanent mortgage soon.

Even when my secured Financing is single Closing with construction to Perm Loan, interest rate @3.125.The concern is around the contract with builder.

Even when my secured Financing is single Closing with construction to Perm Loan, interest rate @3.125.The concern is around the contract with builder.

If the unit has been inspected for lead but not deleaded, you also cannot do any construction or remodeling in the unit.

I would have support from my local construction contacts here if I kept them.