Unfortunately, this means that I have to let this deal go, but it made me come up with a couple of questions about this situation:Does anyone have experience in partnerships where one partner's only real requirement is to sit on the loan and potentially provide interest payments when needed during the duration of the construction? 

Our offer was accepted and we provided a nonrefundable $1k deposit , 10-day close.

While I still suggest you get an Attorney to handle it, they can provide you with the Notice of Trustee Sale and a scrip to read at the Auction as these do no vary by countyYou can also go to the  Aransas County Clerk's office website or any other Texas county for that matter  and print a Notice and tailor it to your property. 

Any insight anyone can provide would be awesome. 

i don't do/invest in residential real estate but perhaps it would be possible to learn SFR by getting job in property management, also get RE agent license, then once you have learned a fair bit, form a syndication with yourself as GP, get your college friends, their families, and anyone you know to invest as limited partners, then buy a rental house for cash, and you take 20-25% equity and provide the property management for a % of the rent, whatever is industry standard.

House hacking is a completely different analysis in my mind because it's also providing you shelter. 

This section aims to provide a comprehensive understanding of the market dynamics at play.Strategic Insights for 2024: Armed with an analysis of the current market conditions, we pivot to forward-looking strategies.

In order to create rental revenue that can cover living expenses and provide positive cash flow, it entails buying a single-family home and renting out the individual rooms.

I am currently focused on tax strategies for our LLC (partnership with spouse).Can we sign a lease agreement with our LLC to provide/pay rent for use of our personal home/property, to include a portion of utilities, HOA, and insurance?

I should probably provide some additional insight:1.