@Lars Hartvig Kristiansen - great question and congrats on getting theming going - I've found that when building a team starting first with making sure your values are aligned and you can trust the person is paramount in importance  

He couldn’t sign due to credit/net worth and didn’t invest meaningful personal money.

In the whole of Spain, except Catalunya, licenses are now given faster than they have always been, caused by the ECUV organizations that act as a middle person.

So, I'm asking these for a reason...the same person who will answer those previous 3 questions will also answer your first question - your loan officer.  

He'll need to connect with a commercial lender....happy to refer a couple of great Chicago lenders that will do new construction.I actually personally had the exact same situation where I bought a double lot and used the land value of the extra lot to build a new construction property in Bucktown. 

I’ve been seeing hosts go in VERY different directions with minimum stays:Some swear by 30 days, others don’t touch anything under 45 or 60.Personally, I’ve experimented with different lengths depending on the season and guest type.

"Buying a house is will fix my finances" - Person that claims renting is throwing money awayWhen you rent you don't have to fix a garage door that started fall apart in 27 degree weather with snow on the ground. 

I personally would do option 1 and have a risk-free, hassle-free 8.75% return.

Many require a personal guarantee.5.

This is a very common issue with aged persons striving to stay in a residence not capable to fit end of life aged needs.