Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes. 

@Craig DanielsI own a local top reviewed real estate brokerage and property management company in palm bay.

Other locals with similar experience had mentioned that this scenario might not be the best fit and it turned out to be correct.

@Samuel Kim - please contact @Chris K. privately and allow him to show you how you can benefit from this wonderful strategy that he implemented for his many health professional clients.

Then, start building your connection with local agents, contractors and property managers.2. 

Health insurance payments, Health savings account lots of options. 

If I were in your and/or your mother-in-laws shoes, I would go to a local bank and use the free and clear house to secure a $150K+ line of credit. 

I am new to real estate investing and looking to connect with any local investor.

The solution could be a creative financing solution such as a total or partial private note, an assumption of the note or LLC, a speciality or local lender, or any combination thereof. 

Does your local jurisdiction require you to return those fees if they were not screened?