How should we keep records to document that status?

@Alex MessnerIf you're weighing whether to rent or buy with significant student debt, it’s important to consider your debt-to-income (DTI) ratio and how it impacts mortgage eligibility.

I did not calculate no.

I have the buyer side contracts figured out, but would like to see an example of how I would make a contract for a private lender to see possibly a visual aid so he can see how his assets are safe with me.

Lenders typically look at your full tax return (Form 1040) with Schedule C (for self-employment income) or Schedule E (for rental income) to verify income.To qualify for a home loan, banks generally require:At least two years of reported self-employment income.Tax returns, bank statements, and possibly profit & loss statements.A solid debt-to-income (DTI) ratio to ensure you can handle mortgage payments.If you’re newly self-employed and don’t have two years of tax returns, you may need to look into bank statement loans, which some lenders offer based on income deposits instead of tax returns.

We own land that we are planning to build on in another state and move to when I retire around 18 months from now.

Some are spending hundreds—sometimes thousands—a month, draining their financial futureAs real estate investors, we know that wealth isn’t built by hoping for the next big win—it’s built by making calculated, smart moves.

Do you mind describing how this is acceptable?

I need to know how to do a "Rent to Own" properly as part of the strategy for this unit. 

You’re right to explore other options!