The home will eventually be listed for sale on the mls (realtor.com will display the listing) and by Fannie Mae on homepath.com , usually giving preference to owner buyers at first.

I know i will eventually screw up or something wrong will eventually happen but id like to make that as minimal as possible and get as much knowledge as possible please help me out guys id appreciate it.

I have found these smaller, regional banks can be more open to development and investment backing than the bigger names.If you're looking for individual contact names/#'s, PM me and I can send you some.

To explain my parents situation, they tried investing in rentals but soon, became the frustrated landlords that you always hear about on the podcast, making all the typical mistakes, to their eventual forbearance of their real estate investing goals. 

This will eventually have some cooling effect on the housing market.

So, lots of money (and Fremont has a lot) plus serious lack of new construction SFR plus still historically low interest rates mean something like this is a great deal for a developer, and actually not that risky a bet. 

After acquiring floor plans what is the next steps to getting it built?

I’m sure if a guy worked hard enough finding stuff that’s not in the MLS he would eventually find a 2% deal but they are few and far between.

Fortunately, we eventually got them out as the placed needed significant reno.I haven't rented to section 8 again, but I'm not totally against it. 

Currently I am aggressively establishing acquisition position to begin developing buy-and-hold portfolio consisting of residential multifamily (3-4 unit) and commercial multifamily (5-20 unit).