@Michelle Simoni seller-financing usually only works on sellers with a problem they are motivated to get rid of:1) Been for sale for 120+ days2) Nonperforming property3) Problem tenants4) Deferred maintenance issues5) No equity6) And obviously they want to get rid of the problem MORE than they need their cash out

I'm not super familiar with the real estate market in Couer d'alene like I am with East Idaho or even southern Idaho or the Treasure valley.

@Mayur ChaudhariI agree with the other advice.   

@Meet Shukla welcome to the forums! 

A few tips I’d recommend as you get started:Build a solid buyer’s list early on.

Google is not very accurate and now its all stored on the phone. 

Find a great, local lender who knows the VA program inside and out.

Our HOA is considering buying the lease so that the entire condo will become fee simple.

As other mentioned it's ultimately on the business owner to track income/expenses. 1099s being issued are more a compliance piece on their end to ensure you're reporting income. 

As of now , they have the land , the permits and city approval to build the houses.