@Ryan Slicer,Your step father is technically not a disqualified person, however I suggest you have experienced professional review all details of this transaction to make sure that it is truly arms length. 

I'll provide more details as asked, just didn't want to make this too long. 

I don't recall the details, but Larry seems to be the king of creative deal making.

I’m doing the light weight work and restoration details, structural issues and the roof are being handled through a contractor out of the construction loan.  

Becoming a realtor will absolutely help you learn the details of the business.  

I would love to help you on this - however it is a lot to type - generally in Michigan it is worth it if you buy or sell one home during the year - feel free to reach out for more detail via BP

You'll have to work out the details as the HML will want 1st position, which means the private lender is going to have to take 2nd position. 

Also, if you chose a detailed rental agreement or more of a basic one?

I understand the process but not in detail.

What I might do is follow up with people individually if they express interest, find out what their goals are, etc, before getting into the details.