Once the lease is signed, I go to the bank and open a new security deposit account, and then the bank provides account number, which I then manually enter in the lease and have the tenant sign the lease again.Any guidance on avoiding the hassel of having to sing the lease twice lease?

I too am confused by the “It won’t look consistent to the tenant or to the accountant.”

The owner had no money from the deal to cure the lien, and because we were already passed our 1031 exchange identification deadline, we asked what the payoff was and ended up paying out of the door $112k to close this deal.

The rates are higher but the terms are great. 

Cash and hard $ loanHow did you add value to the deal?

How do I weigh all the pros and cons?

To justify the land cost (if I recall), you needed an already functioning property in the land and needed to add the Tiny home. 

I also just found out that the property is on well and septic, and the well is on one lot and the sceptic the other. 

Some could disagree as getting all cash and putting it in the stock market would yield a much higher return than the rate on a loan.2.

When you are on the commercial side of the bank, and borrowing on the bank's balance sheet, they have a lot more flexibility to how they handle loans.