Kaushik wrote:
1. Do you think that this plan has hay loop holes, problems?

Let's see, oh yeah, the whole ILLEGAL part.

2. Has anyone done this? Do many people do this?

I'm sure people have done this. Some probably get away with it, some not.

3. Any tips on negotiating mortgage for buying and construction?

Make sure the lenders know all about the illegal part otherwise you can
get in trouble.

4. What would you do if you have 4500 sq.ft of plot available behind
your main house?

4500 square feet is pretty small. I'd put a garden in it.
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-Bill