How can I legally purchase 5 acres of that and build my own home on it?

I came across one of these loan agreements online somewhere a few months ago, can't recall where I found it but it was clear in reading the loan agreement there was no language referencing the loan actually encumbering real property, it was just an unsecured loan.  

Loan Amount: We specify this as a percent of the purchase price.

You could hire a real estate agent to show the property and use their leasing agreements, but they may charge a fee.

Quote from @Sara Tranum: Yes, we have set up our agreement specifically starting that it is being operated as a STR by me!

If the landlord rents the dwelling unit for a term beginning before the expiration of the rental agreement, the rental agreement is deemed to be terminated as of the date the new tenancy begins.

I plan on making a purchase in either Nashville or the Smokey Mountains areas within the next 12 or so months.I wanted to ask for some advice re. a property purchase I made in 2023.

They will conduct a title search to ensure there are no issues with the property's title, such as liens or outstanding taxes, and facilitate the closing process.As for paperwork, you'll typically need:The purchase agreementAny addendums or disclosures related to the propertyProof of funds or financing documentsYour identification and any necessary corporate documents if you're buying through a business entityGood luck on your journey!

This is much better than hiring him and issuing a W-2, which would remove access to real estate tax advantages.Avoid Employee Setup: By making him a co-owner instead of a hired worker, you skip payroll tax issues and instead allow him to benefit from pass-through taxation—income and losses from the LLC go directly onto your joint or separate tax returns, depending on how you file.Operating Agreement: Create a clear operating agreement.

On a purchase we can use AirDna data or allow a DSCR of down to 0.75.