In very competitive markets, I found out you have to be super quick.Good properties and bargains don't last very long.

I would find the money to pay cash for the dirt.. use your expertise to subdivide.. and if your state is like ours a 4 lot partition is not a subdivision and rules are a lot easier.. then find a builder to hire per door.. and build them out with you as the principal.. this will take of course  significant cash and credit to do.. and profit on those numbers your talking about at that land cost is not super high.. might just tie up the dirt split it and sell the lots and make the lot profit..

@Scott Bowles part of due diligence is gathering financial information.

I give them information about my STRs, and they pass that on to their foreman, supers and leads. 

I am super exited to be on BP and just starting out with this REI adventure.

I appreciate the advice April, that’s super wise ! 

Hey all,So my wife and I are super excited.

Merced could be a great option, I'm not super familiar with that market so I'll let others chime in on that.

That's super helpful.

Super idea there!