A non-recourse loan is an option if your SDIRA doesn't have enough funds.

Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

Your personal loan has a 5 year balloon period.  

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Instead of one large loan of $50 million we hold in our portfolio 27 loans ranging in size from $750,000 to $5.9 million.  

.- Do you have 200-250k cash, or is that what you can get with your loan amount?

If you would like to hold the property for longer, that is fine as well, just note that your loan payment will be done after 20 years.

That is important when considering a conventional conforming loan.

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.