Also I bet if you had access to all the numbers, your uncle has probably made really good money over the years.

Less paperwork for one thing.Probably your best bet is to shop your loan around.

@Terry Ransom That is likely going to be your best bet to buy with no money down.

But operationally the LLC is a liability protection tool.Your best and simplest bet is to follow . through on your idea to 1031 but don't just buy one property. 

If they have already broke ground, then you can bet they have projections on revenue. 

Here are basic stats on single-family home sales for May 2019 for the City of Austin and the greater Austin area:Major commercial real estate developers and top-tier tech companies continue to place large bets on the continued strength of the Austin and Central Texas economy.

I think 200$ plus is needed to have an actual cash flow that can be a safe bet.

If you look at the properties listed for sale now I would bet the owner probably purchased it 10-15 years ago and they are selling for around the same price they purchased it for.2. 

Wondering what’s my best bet as I had contacted a local bank which only willing to do it on the purchase price.

So, I'm starting again and taking it step by step for I think would work bet for me.