This will be my first commercial and development deal.

This is a super important question and it doesn't just apply to contractors.

losing money at this point would be a huge step backwards.

You can prevent this by analyzing each and every deal you see to make sure you have a perfect home run of a deal.

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.

Take the refinanced downpayment and go buy another.There are several markets in Michigan where you can do this.

Exploring tax liens and deeds, for instance, can offer unique opportunities for investing in real estate, often at a lower entry cost.

Quote from @Bayo Badejo: Hello BP Community,I’m excited to be part of this network!

So this is not my story but my business partner.

Quote from @Richard Dickson: Hey everyone,Lately, I’ve been having a few conversations with note holders who are exploring exit options — either from performing or sub-performing notes.