Strengthen Your ProposalDevelop a Business Plan: Include:Vision: Your goal of creating a micro-home community.Market Research: Show demand for affordable or small-footprint living in your area.Financial Projections: Break down costs, ARV, and anticipated ROI.Experience: Highlight your previous fix-and-flip and demonstrate your learning curve.Present a Solid Development Plan:What is the size and scope of the project?

,I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them.

Now you see how expensive dining and living rooms are that could be converted. 

4o Hi Monty, I Live 15 minutes from the freeport area with building and flipping experience.

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

A little about me for context: I live in a very expensive market in Rye,NY. 

Quote from @Rou Odab: Hello everyone,We bought this house, and we're living in it and renovating it.

You may also want to consider buying this as a primary and living in it for a year.

Do you want to live there?

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.