Thanks 2126.
This is all good stuff, I guess I am going to have alot of homework to do if I decide to go this route. It sounds like it's stil doable, but I need to make sure I cross my t's and dot my i's before I make any decisions. I am currently waiting for the lot alone apraisal, that will have markers and stuff to let me know building size, set backs, easments and all that. Should be in withing a week or so.
Just a note the Lot is not very big, it's a regular home lot 60*120 or so. I am probably going to remove the house at a minimum so it is not a liability for us as no one in the family lives near enough to check on it everyday. I guess I will just be patient and see where this goes.
Thanks again!