Building a structure from the ground up, since you need to build/create foundation, can be difficult. 

Some brokerages may have it structured slightly differently, but generally, this is standard. 

However, I'm not sure he'll want to go along with that structure, as it's probably not ideal from his point of view.Let me finishing off by mentioning that I'm not a lawyer and that none of what I wrote should be considered or taken as legal advice.

- For those who build in phases, how do you structure budgets and plan cash flow to cover extended construction timelines?

@Elliot Angus To structure this deal, consult a Qualified Intermediary (QI) for 1031 compliance, a real estate attorney for seller-finance terms, and a CPA to ensure tax deferral.

Seeking expert guidance on optimal structuring options:1.

Look for properties on main corridors or sites with existing structures (e.g., small houses or retail buildings) that can be torn down and redeveloped.Challenges in South Florida: Be mindful of market conditions and local regulations.

I have a structure that is a Master LLC and subentities that will be used if either STR or LTR.  

Personally, I wouldn't throw out a complex structure to the seller right out of the gate. 

Also, you may want to look into a two family home and rent out part of the space of your new home under the FHA loan structure too.