Do I just pay off to the bank after I receive the payment from buyer?

You can work for a bank that provides the majority of your leads with the in-house customer base.

Hey there -- if you have any questions, my background is in real estate investment banking, REITs and equities trading.Cheers!

Speak with the owner, and see if he/she would be willing to do a rent-to-own or just act as the bank until you can acquire a loan.

If you have 50k in consumer debt, a bank is usually going to look at the total amount and use ~3-4% of the total as measurable debt service. 

This issue came up because I actually may have a pre-buyer for the house (although I'm not banking on it). 

I would have to write a book here on the forums to explain all the things in detail.

You have to explain to the architects that this project is to serve as a retirement plan for your mother in law and the main goal is it should bring profit, they may change plans and build very simple

@Jonathan Cox the way i see it, and i may be crazy, is if your banking on a retirement account to save you when your 60 yrs old, you wasted a whole lot of your life away working for something that won't support you in the end.

After running comps, we could see that the property value was no more than what he owed the bank.