And the 180 day time period make it almost impossible to get it done.If possible, you could find a builder willing to take title to the lot and you could go into contract to purchase the completed house and lot from them when completed. 

Quote from @Andrew Steffens: Hey Matt - I would proceed with caution still in the Orlando market - it is saturated and nearly impossible to cash flow. 

Quote from @Xavier S Lopez: I currently live in North Jersey and it is near impossible to get started on investing in real estate here.

This is an impossible comparison for two reasons.  

Even if the land was free, its next to impossible to build a 2,000 SF structure including design fees, carrying costs and construction costs for $240K where I invest in Philadelphia.

No skill level of operator changes those realities.It is nearly impossible to operate sustainably at this price point while using licensed and insured vendors because the margins simply do not support the actual cost of labor, materials, and required compliance work.

Anyway makes following the discussion almost impossible like a book with the chapters all switched up.

We obtained the full financial package, and the seller's "Pro Forma" is built on a complete fantasy.The descriptive reason for the high cap rate is that the seller is using deceptive and impossible expense projections.To get their advertised 15.26% cap rate, they are projecting that as their Gross Rent increases by $75,900, their Total Operating Expenses will simultaneously decrease.Here's the breakdown of their math:Taxes: They assume $0.00 in property tax increases, which is impossible.

Things are expensive and moving fast, but not impossible.

Its not impossible but it will require a lot of effort.