The sellers plans to exchange will not affect you or the terms of the sale.

Lenders will allow parents to be a non-occupying co-borrower on a home your college student plans to live in.

@Sara Donohue I don't recommend buying land if there's not an actionable plan whereby the buyer can build.

How long are you planning to do this approach?

The alternative is to set up a self-directed IRA, or better, a truly self-directed Solo 401k plan, invest in alternative assets, and then do the conversion.

Any suggestions I appreciate in advance.Worst case, I'll just create something for him and walk him through things as he goes, but I'm thinking, why not document it for us both (no plans to publish or anything though)!

I just submitted a conceptual plan to the City and they agreed to do a feasibility analysis to see if SB-9 will work for my parcel.

If the plan is to use this as an investment property, your client may want to check out a DSCR loan.

What is advantageous is someone that is good at underwriting and unbiased (only analyzes the deal based on the underwriting without other emotions).Note i have a fair amount of experience and plan to place a competitive offer tomorrow that the underwriting dictates not placing a competitive offer.  

When you are getting into raising big dollars from sophisticated investors they are going to want to see a track record and a well thought out and detailed business plan.