I'm not interested in seller financing as an alternative because I'm an introvert and not very good at sales.

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

We have some cool products for people that want to finance construction and own the land (or if they want to purchase the land and develop). 

I would live to buy it and was thinking owner finance since  he has 2.8% mortgage on it, and its not transferrable.

I’m more interested in joint ventures, seller financing type of a deal.

Owners are open to seller finance a small portion ($300k) of the equity.

How did you finance this deal?

There are provisions for owner-occupied and non-owner occupied STRs in Sacramento : https://www.cityofsacramento.gov/finance/revenue/short-term-...The latter requires a conditional use permit but I don't see any info about that in the website.

I deal extensively with creative financing such as sub2's, land contracts, contract-for-deeds, assumptions, land trusts, etc.

You're talking needing plans, architect drawings, engineering study, a zillion permits and inspections.I just don't see a lender lending on this kind of deal without that person having major experience that includes some ground up or extensive rehab work.If you wanna "break in" to the financing world, it is not impossible at all.