I'm looking to learn in depth about your process and dive deep into the real estate loan process.

Thankfully it only took about a month, but they could have destroyed the house in the process. 

Since I am limited on funds I intend on going to the house in person and talking with the owner.I would offer them the amount to be settled + $5000 cash to help them personally, in exchange for ownership of the property.

It's not a seamless process, it's choppy. 

Hi @Jatin Shetty,I'm in the process with them right now to buy a STR in Orlando.

Quote from @James Friar: Hello bigger pockets family my name is James and I'm fairly new to real estate investing, ive been educating myself on kinda how things work (the lingo, terms,concepts) and still trying to figure out the process of this feild and after watching so many videos and listening to other investors experiences i decided that i would like to take the new land construction route, i was just wondering if anyone could point me in the right direction on how to get my feet with this process.

Always good to learn different approaches — especially in this market where values shift quickly.

Please tell me more about that.Thank you for ongoing research and providing all the details.

As far as the process goes, it starts with having a good lender that actually consistently specializes in reno lending. 

So it’s important to make sure your screening process is compliant with fair housing laws and is based on objective criteria like income (including voucher amount), rental history, credit, and references.There are pros and cons to working with voucher tenants:Pros:A portion of the rent is guaranteed by the housing authority, which can help with consistent cash flow.Many tenants stay long-term, which can reduce turnover.Considerations:The unit will need to pass an inspection, and you may need to wait for approval before move-in.Rent increases, lease changes, and eviction processes often involve additional steps and coordination with the housing agency.As others have mentioned, having a consistent screening process is key.