I've final taken the first step to realize financial freedom.

A "reorganization took place, one of the families left the group in exchange for the insurance proceeds and the property then had 4 owners (and 4 cottages)2000:  I bought ($42,000) my parent's share.2000-2010:  I bought the other shareholder's shares (total $300,000), leaving just me as the sole shareholder2017:  Elected to file as S corp.None of these transactions were properly recorded.2022 1120S tax return (2023 is on extension) shows:$0 income$15,000 Land (sched L, line 12)$122k Loans from me($189K) Retained earning$93K cap stock($46k) Sched m-2I have no idea how we got to these amounts.Does any of this make things easier to understand and easier to get me out of this capital gains problem (or does it just muddy things even more)?

It’s only “100 deductible interest” and loan pay down. 

We are about 1 month away from completion and I need to finalize our next steps. 

A hard money loan would likely be an excellent fit for your needs.

I did get pre approval for fha loan.

And the loan amount will be 68k + 60k = 128k. 

GC's should not be banks - have the borrower get a loan from a bank to pay the GC (this is what I would do if I was the GC)

I’ve been chatting with a fund manager about our performing notes.He asked a question I hadn’t heard before...Would we be willing to buy any loans back if the borrower goes 90 days delinquent?

They then finally turned in the schedule c over a month after the deadline, which I couldn't even utilize as my independents had already filed and would not go through the process of paying extra to their accountant to amend the filed taxes.