In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

The property is in Pell City, AL and I was able to find this is a non-judicial state and potentially would not be tied up as much unlike a judicial process since it’s not going through the courts.ThanksDaria 

Some areas may have restrictions that could complicate things, particularly around who can provide alcohol and to whom.If wine isn't an option, you could consider alternatives that are still local and personal, like a handcrafted bottle of olive oil from a local farm or even a basket of locally sourced snacks.

The seller retains legal title until the contract is fulfilled.Advantages:Lower Upfront Costs: You can avoid closing costs typically associated with formal closings.Control: You can take control of the property to make repairs and sell it while leaving the original financing in place.More Flexibility: Compared to a novation, a land contract offers you more control over the property since you hold equitable interest.Risks:Seller’s Cooperation: The seller retains legal title, which can complicate things if they change their mind or their financial situation worsens.Resale Issues: FHA buyers may require the deed to be in your name for 90 days before they can purchase, which could slow down your resale plans.Subject-To FinancingHow It Works: In a subject-to deal, you take title to the property while the seller’s existing mortgage stays in place.

Keep in mind I said good agent, which of course is not all agents, but the moving parts and funny money the builder has baked into the pie is much more complicated then an existing contract. 

It was set to be a great deal.But, as often happens in real estate, complications arose.

Place "how to" signs next to any complicated amenities and front load your messages to make guests aware of any quirks. 

So that could get challenged....homestead is more complicated than just filing or having a tax exemption. 

Similarly, you can look for microcommunities focused on other aspects related to your offer, such as location, type and so on.Other than that, since you're renting one/two units, it's really not worth it to set up your own website or to try to do very complicated forms of content.

I think since it's 'new construction' I assume it's way more complicated, and I'm sure it comes with different challenges and factors to consider, but as long as you buy it right, have supporting new construction comps, and are confident with your cost per sf analysis, you can hit your target margin - or close to at least!