@Kishore Siva 100% go into their office and request a meeting to understand where they are in the review process, what questions they have, and outline a path to obtaining a permit.

When people bring up Subject To (very risky) and private money it's usually because they have seen a lot of scaling content.

@William Bohan as others outlined, there are several logical options, all with pros and cons (of course.) 

To qualify for active treatment and unlock potential tax savings, you must meet the material participation rules outlined by the IRS.

I may explain that while I’d like to buy/finance/invest in his property, I need to earn a certain return on my invested capital for the given amount of risk, and if not able to earn the return on the subject deal than I will on the next deal.  

Look into seller financing or subject to properties in the area that you want to purchase. 

But I would say to be open to having more than one partner in the deal and to outline an exit strategy so they know how long the money would be tied up for.Good luck to you.

So much propaganda they only list peer-reviewed medical journals outlining the data and conclusions http://www.dogsbite.org/dog-bite-statistics-biblio...it's not a conspiracy that most insurance companies either do not allow those breeds on properties they insure or the exclude damage done by those "vicious breeds" it's an actual, real and present danger and very applicable to the aspiring and actual professional property manager/investor.

Roth IRA contributions can be withdrawn tax-free, but earnings may be subject to income tax and penalties unless the account has been held for five years and you're 59½ or older.Instead, consider rolling over your IRA into a solo 401(k) if you're self-employed, allowing you to borrow up to $50,000 or 50% of the account balance, whichever is lower.

You need to develop a subject matter expertise and treat this like the hands on business that it is.