Find a centralized place to keep track of information you know about interested parties and can make sure you are moving them forward through the process.Good luck!

This article makes some very strange assumptions.

However, am I crazy to want to just hold onto the building and rent it out until it has no value?

After checking with the power company on the status of the power they said crews have been out and they showed power being used at the residence.

I find this vague.

If you're interested in learning more about creative financing, you could check out the BP book "Wealth Without Cash" by Pace Morby.When getting started, I recommend narrowing your focus and choosing one specific investing strategy you want to pursue that makes the most sense for you right now.

I plan to do my own background, credit and eviction check. 

Unfortunately, this is my max budget, and I wouldn't be able to go above this amount at all. 

The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

The math still does not work out to $8,340.