David, regardless of your source of funds, you will never be seen as a "private lender" you're a broker and always will be, your source of funds is not a matter to classify a loan.

They could be good source for leads, they should be able to do the site work or refer to someone 'recommended' who can.For bare land- Your short 2month timeframe for permitting (city or county) and utilities is not going to be realistic or even close, most of the time.Your best bet is to find land that has a mobile (demo and scrap it) then replace.

If you choose to proceed, I recommend verifying the source of the funds as it could be tied to a specific type of compensation.

This is not to say this is the only successful method of real estate investing, but as I'm sure you're well aware, with current interest rates and overall market conditions, sourcing and acquiring LTR deals is difficult unless you're going off-market. 

This deal was sourced through New Western and sold as a 48 hour highest and best.

If you would like to connect on sourcing potential deals in the market, feel free to reach out.

Check law to determine if you are allowed to discriminate by income source if you really only want Section 8 tenants.

@Forest WuRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

The official source I was able to use is the National Association of Realtors site and it shows Multi-family market cap rate of 6.1% for 2024 Q1 (2023 Q4 was 5.7%).

Some states have source of income protections that would not allow you to decline an applicant solely based off of their participation in section 8.