You could go either route but don't mix the two in concept as one is a mule and the other is a horse.And, the requirement that properties be listed for sale by a bank is a bank regulatory issue having nothing to do with the NAR, it ensures that the property is held for sale in a public market at its assumed fair market value.

I'm passionate about real estate investing; however, fairly new to it. 

You are required to disclose that debt, and it will be a fairly easy catch for an underwriter, even if it's not on your credit report. 

You are calling with an opportunity for them to sell their house for a fair price.

I know I can go through a lawyer but I was told it is a fairly simple process hence want to DIY.Regards,Xuming

We have located a good parcel of land at a fair price, only issue is it's currently zoned for residential and we are planning to develop a small, 8-unit apartment on it.

We don't know you, we have no idea how you act under pressure, how much hair a sec8 tenant will have you pulling out or how thick you skin is.

Fair Park

I'm fairly new to JC and earning these Rookie strips as I learn more and see what value I could bring as well.

I hear frequently getting financing for container home type projects is tough if not fairly impossible vs traditional construction financing, so wouldn't that take more capital?