Does this mean you haven't been pre qualified?

A Master Lease is not a loan (as long as the master lease is not long term with a declining balance, thus a disguised lease), the net income to your IRA is not subject to debt financed income tax.NegativesTaxes: When you exercise your option to buy and simultaneously flip the building, you haven’t been in title long enough to qualify for a long-term capital gains tax treatment. 

The deal outlined above would not qualify with any lender I know and the margins look thin at best.

Definitely a plus, because from my experience, finding a qualified (and relatively cheap) freelancer can take some time and several failed attempts.

I don't know what qualifies as loaded with cash, but I can assume I do not qualify.

It seems the property is perfect for condo regime, and won't even qualify (due to lot size) for subdivision.  

Im going to speak to my Loan Officer soon to get pre-qualified for a mortgage loan. 

You need time to get a seller finance buyer qualified to get a loan and cash you both out).

They allow you to go to 10 but you have to qualify.  

If you need any help on sourcing lenders or qualifying them, please don't hesitate to ask.