Hi BP Family,If I were to purchase a plot of land zoned for multifamily and then build a duplex, will the bank require a cash closing on the land and then a construction loan to build?

People from northern states should probably not opine on southern cooling system topics, just like people from the south should not opine on northern heating system topics.You get the system checked *every* spring and fall and don't wait until failure to replace failing components.You DON'T want to have someone die in your property or land in the hospital because of the heat.

If you want to land deals without looking at them, then I would come in strong with little to no contingencies.

I myself took the my eye off the ball till last year.

Second, we looked at a possible live in flip, but those type of properties are often being torn down for the land so that they can build new.

The meeting with the property manager, his right hand man, and his money man, lead to the perfect advice that comes right out of Michael Lewis' book Money Ball.

NOT MUCH.. but it does keep from having call backs and if there is a water landing they know they have insurance.. at the end of 10 years our builder warranty is up.. and then on top of that I Pay 30k up front for a project policy that covers all the houses in that particular community for 10 years as well.. this is for 1 mil and basically its used to hire attorneys if we get sued for builder defect.so in essence on a new build we are paying on the 25 house communities we built the last two years total of 50 homes.. about 110k in insurance to cover us for 10 years.. the issue is the subs get sued first then the GC then me the developer  but subs being subs 6 years from now they are out of business or moved on so then its the GC's insurance then us.. 

On this particular deal, there is plenty of parking and there is also a lot of raw land behind the existing structure.

If the seller won't play ball, you might be best served walking from this deal and seeking more suitable space for your intended use.

really depends on where the land is..