You would have to acquire the land to build the house on, so I don’t see how any of this drives the price to zero.  

In this type of deed, the seller does not guarantee that their title is free and clear of any defects before the seller acquired the title or ownership of the property.A special warranty deed generally contains this similar clause:“Grantor does hereby bind Grantor and Grantor’s heirs and legal representatives to WARRANT AND FOREVER DEFEND all and singular the Property, subject to the matters set forth in this Special Warranty Deed, unto Grantee and Grantee’s heirs, legal representatives, and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof, by, through or under Grantor, but not otherwise.”Quit Claim DeedQuite contrary to general warranty deed and special warranty deed, a quit claim deed does not establish title of the seller in the property.

While I've typically focused on single-family homes, my journey into real estate began with buying my first house using a VA loan and house hacking it, then acquiring additional properties from there.

They suggested that I take the steps towards acquiring my first primary residence now because it could pay off in the near future.

ThanksClark  Hi Clark, what constraints or goals are making you consider such a way of acquiring a property?

If your flexible thats also an option to continue acquiring.

I don't personally recommend saving for investments, which takes forever, rather learning how to raise capital to acquire investments.

Acquiring properties and obtaining initial financing.

While you could still acquire and develop, do so with caution.

An entity is considered to be an owner if it holds record title to the property or has an equitable title or right acquired by contract with the record title holder.