I recently purchased a burnt building and I'm eager to rehab it.

@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing. 

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”. 

I'm not a fan of novations where you don't get the purchase agreement notarized and filed at the courthouse.

I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.

@Moshe MarcianoI recently helped an investor from Orange County purchase a single family home here in San Diego.

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

My team is looking to purchase a new property each month of 2025.

Step 1: Get preapproved for an FHA loan for the purchase price you are looking for.Step 2: Connect with builders until you find a few that will finance the construction of your home.