Also, our team has a lot of experience in working with Sec 8 residents and getting properties approved.

What is the legal mechanism?

The real prohibitive costs come from the legal, compliance, and reporting requirements of registering a security.

I go to for anything legal structure and real estate closing is Capital to Coast NC Law Group.

I tried for over a month to use it and to get approved. 

Note that legal and transfer costs are not deductible but can be added to your cost basis.

If you are hiring a legal licensed contractor , he will provide you with a contract . 

Or a legal perspective?

Lending capacity should only matter to those with large borrowing needs and require large legal lending limits but that wouldn't apply to hard money lenders anyway.

Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).