There are lenders that will accept to close in a trust but you narrow your options vis a vis your opportunity for the best terms.This involves Canadian tax law, U.S. estate and tax law, Florida real estate law, and potentially Wyoming corporate law.

.- You may want to explore whether this underwrites better as a specialty-use / flex / service-office asset rather than “office” in the lender’s eyes.

Other than that, just need to keep eyes out anywhere.

We don't have a formal construction background, but are capable of the basic work not involving permits.

And we should all  (again those of us who are involved and or interested in investing in "the hood") should look at investing from a more holistic approach.

Ideally <2yearsConstraints & AssumptionsGeographic constraint:South Bay HCOL pricing limits feasibility of local house hacking or multifamily purchases.Experience constraint:First investment property.Common advice suggests avoiding out-of-state (OOS) investing initially.Cashflow constraint:Current w2 works now but children wont become cheaperTime constraint:Part-time involvement only (10–15 hrs/week)Problem StatementGiven:High local acquisition costsWarnings against OOS investing for a first deal,A near-term need for cash flowWhat investment strategy best satisfies the 2-year cash-flow goal while aligning with the 15-year independence goal?

So, you will face 12 months of seasoning in 99% of owner occupied scenarios involving taking cash out of the property.  

The model involves renting to college students on either an academic calendar or yearly calendar (some kids stay for summer semester).Researching what other landlords do for the the off campus housing program, many will offer the units furnished.  

One suggestion is to keep an eye on your credit score to ensure you qualify for the best FHA rates when the time comes.

@Aaron Zimmerman thank you for you time and oh trust me my eyes are open to the suburbs but the property taxes are very high and leaves for little room.