I love that you have specific goals for 2025 - I believe if we think it, write it, say it, and share it our goals are 10x more likely to come to fruition.Are you able to do option 2 and just house hack a 2-4 unit building and use a renovation loan which allows you to put down 3.5-5%I highly suggest getting to some local chicago meetup groups (we have an in person one on the 17th)...here is BPs list: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a full list of the chicago meetups that I can share with you too if that'd be helpful.

I don't know where in Michigan you are located, but I'm happy to give advice or share experiences.

But because the seller won't share my offer to the seller, me nor the agent knows what the seller wants.

I am considering purchasing empty lots priced roughly $10-15K below market value.My plan is to offer owner financing for the land.These lots have water, drainage, and electric connections available, and mobile homes are permitted.The area is experiencing significant development, with the lots surrounded by new single-family homes.I would really appreciate any advice, feedback, or suggestions.Thank you It would help if you shared what you plan to buy them for other than just saying they’re 10 k to 15 K below market.List Price: $55KMy Offer: $45KPlanned Value Add:Install fenceBuild drivewayCreate a mobile home padExit Strategy:Sell via owner financingConsidering the option of adding a mobile home as wellIf you like this post, please consider voting!  

Thanks for sharing!

Let me know if you’d like to connect over a call or coffee and I can share my experiences or answer any of the many questions you have as you get started!

On some older properties where perhaps you have one water meter for 2-3-4 units or one gas meter for 2-3-4 units, or units that share hot water, something like that the owner might pay. 

LOL Happy to share any knowledge about that niche, since as you can see, I am kind of the go to for KY and that is all I do.

@Chris Seveney - Chris I know you know this, but sharing this for a lot of less experienced investors out there. 

I share an example in my book where five people wanted to rent a 5bed/3bath house (one boyfriend/girlfriend, and three other friends).