You have "acquired" a home. 

Hi, I just acquired 5-acres of raw land in a fairly remote area of Twentynine palms that I plan to develop and put multiple rental houses on the lot.

Can't wait to hear what you acquire...Hope this helps...and rock on!

In either case and if you will use debt to acquire the real estate, it must be non-recourse financing.

I discuss these factors in a YouTube video. its very similar for acquiring distressed assets, need your team in place and show you can close quickly. thats what brokers want. https://www.youtube.com/watch?

For example, purchase price of 100k with 20% down and 5k closing costs would be $25,000 to acquire the property. 

If permits are required who is responsible to acquire those permits?

Your partner could supply the money necessary to acquire the property, and you can be the one to manage it.

I’m not necessarily looking to wholesale, but more so looking to acquire more rental properties.

Is this presented to the city prior to acquiring a property during the due diligence period or is a land use attorney or city planner used?