It might work out to be a flip provided your ARV is correct. 250k*9% selling cost=22.5k. 223.5k-199.5k= $24k profit.

Otherwise, you might buy what you want to live in initially and find that the math doesn't work out for a long term rental when it's time for you to move.

I like to get up and workout first thing to take care of my body.

No matter how you finance, you'll need to work out whatever the legal issues are, @Brett Danehey.

Ideally you can find someone who couples their fee structure in some capacity to the projects you're building to create alignment. 

Potentially you could sell the lots to the same builder that builds the two residences and work out some sort of trade. 

As the others already said, this may work out great for you.

In regards to your deposit that you made directly to the builder than you have to work out new financing or negotiate for return of your deposits or some of it from the builder not the lender ,,It’s possible the builder and lender may be in cahoots.

Unfortunately I’ve currently got a lot of CC debt from a business that didn’t work out, so I’m working on repaying that to rebuild my credit.

Those should both work out better than NH, for sure!