I will find properties that I want to develop myself.

In order to do that, I'm seeking a investment mentor who can help me to increase my knowledge, who can help me to develop techniques and strategies, who can share me their experience on wholesale, flipping houses, on landlord, on residential and commercial properties, holding, etc.

So I meet them and develop a relationship then present my offer and explain why it's so low.

I mean no disrespect to others who have developed their skills and experience in acquiring properties in out of state markets.  

Develop a partnership with other types of capital partners?

I meant Columbus (Ohio).

Ultimately I have an interest growing a portfolio and possibly dabbling in other types of properties and strategies (flipping, development, etc.).My primary strength is my analytic ability, whereas my primary weakness has been using a conservative approach.I am excited to continue learning and potentially working with BP community members.Drew

Or does it meant that the total amount that can be loaned is 271k?

Split the land and sell/develop into additional lots - The value here would depend on what it costs to split the land up AND get appropriate utilities to it.  

I am thinking something along the same lines as a developer fee.