NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.com

It is imperative that you speak with a lender that has been approved by the SBA in order to fully grasp the requirements and explore your options.Creative Financing: You may buy a property with little money up front by using a variety of creative financing techniques, including partnerships, subject-to transactions, and lease options.

Consequently, I am exploring the option of bringing in a local investor as a partner who will have a vested interest in managing the property effectively (skin in the game). 

If people don't understand what the requirements are and what the risks are and what the options are they cannot craft a scope of work that meets their goals.

Having someone with some skin in the game has been a good option. 

From there you could divide up the lots and build 4 new homes, or just build mutlifamily properties or a million different options.

So yes, you can fix and flip, or hold as a rental, or whatever.Thank you, so market auction is the best option in your opinion?

Like @Gita Faust said, I think an S-Corp is a better option for the management business.

I have been approached by lenders in San Diego whom have made me aware of the refinance option once probate has closed.

This can be time consuming and at times folks are looking for multiple options and can back out during the process before the lease.- Leases: You will need to spend money and time creating a lease that adheres to state and local laws; often have it reviewed by an attorney to ensure you are protected.- ROI: The return is better than a LTR but not as much as a STR can be.