I have helped owner occupants use down payment assistance programs to cover the 5% down payment (in MO), and then negotiated seller paying all the closing costs.

Terms in these areas are negotiable because the owner is basically the “bank.”There are books out there on creative financing, like Pace Morby’s on BP, but I would first ask what their terms are and negotiate from there if needed.Keep learning and take action.I wish you all the best.

Also, we see many posts from owners who spend their days on the beach because their PM's are doing such a wonderful job.

Let's break it down:Sole ownership-Keeping the property in your name is the easiest way, but it means if something goes wrong, your personal stuff could be at risk.Land Trust-A land trust can hide that you're the owner, giving you some privacy and maybe less trouble if certain issues pop up.

Something like one owner says I will buy your half or sell my half at thsi price, what do you want to do?

Happy to give you a site visit of the final product.

A compelling enough piece of land has not arisen yet to start this journey in earnest yet.The analysis is effectively the same as buying: what are all your costs, what are your stabilized cashflows, and what is your terminal value, take your overall timeline and determine your return.In Cincinnati, OH, during the run up (in particular, but also pre and post peak) the major owners in the market that have historically acquired existing, started building.  

A 40+ page owners agreement/ property management agreement is a red flag.

There is a small pocket the South on main street that is good but generally south of I-630 gets pretty rough pretty quickly like don't store any materials on site over night rough.

My understanding is that Seller pays closing costs as per this contract, including Owner's title insurance, settlement fee to title company and any other Title and Escrow/Settlement Charges.