The second option was to do a Construction to Perm Loan inclusive of land purchase. 

That should be your focus, not how to purchase the land.  

And even it's SF when you purchase it, again because it's not 100% MF including the county/city classification, you can use rental income from both units to help you qualify for future investments.Option #3 is something to use only when you're not willing or able to move into the property.

Purchase price: $450,000 Purchased property out of foreclosure, had problems with holder over tenant, but has been resolved, will rehab property to rent at FMV What made you interested in investing in this type of deal?

I have had a long term interest in purchasing an investment property and I'm looking to be smarter about this.

Okay I know I asked a different question earlier but I have another one considering anther situation. So this Multi I want to offer in Kearny New Jersey (NJ) has an illegal finished bathroom in the basement and finish...

I have a rare opportunity to purchase a beautiful old historic inn that I've had my eye on for about 15 years that just came on the market.

Buying in a flood zone, especially A, in Florida, where it recently flooded would be a terrible purchase to me unless they are giving it away.

Purchased in a desirable part of Oakland (Glenview area) as an owner occupant in 2019.

Does anyone have or know where to find a reliable basic purchase agreement when the price has been established?