You didn't mention where you are operating, but depending on average home prices, I think you'll be ok.For instance if we're talkin $500k homes, and if you will get a 2.5% commission, split that 50/50 with your Broker, you will end up with $6,250 per sale, right?

That's 7k loan.So this is overall costing me 577k to purchase instead of 600k.My question is where do I get a loan like the one I mentioned above.

Mention which properties they would consider selling.

He mentioned that he’s a "humble realtor" and that his wife is the "broker" who knows all the answers.

If you see at least a few zoned in the designations you mentioned above, that's potentially a good sign that you can get support from the local Alderman's office, and approval by the ZBA (zoning board of appeals), to rezone.

Go to local meetups, search these forums for people that have mentioned that they do private lending and attend other RE events.

Funny you mention the whole GP / LP thing - I spoke to someone recently who claimed to have raised $10M+ for a fund and owned over 100 units.

The other info sounds great but I would verify the assumptions I mentioned because if they’re off, it throws everything else off.  

This was also not mentioned until today. 

Personal usage will limit the loss in 2023, as mentioned in the reply.