Thank you for reading it, Naomi T..

@Charles Graham, There aren''t any of the normal tax deductions that come with fix n flips because they are treated as ordinary income and are taxed as such.

I’m committed to making this deal work with this specific loan product.

I’m deliberately early in the process and want to pressure-test assumptions before committing capital or geography.If you’re actively developing, operating, or investing at this scale and are willing to share perspective—publicly here or privately—I’d appreciate the insight.

Also, if it is a larger deal where multiple lots could be created, you may want t consider having the Seller carry until your entitlements are completed.

So, again, it's generally not a good idea to use a credit line for long-term commitments.

Before committing, demo a couple and make sure their reporting and bookkeeping play well with your CPA or accounting system.

If the General Partner commits fraud, the "bad boy" carve-outs in the loan would allow Freddie and Fannie to go after the KPs for any amounts lost. 

@Shalom Yusufov is one of them.Lenders will still require the deal to be in contract before underwriting and issuing a funding commitment.

If you're a property manager and you see someone with all their i's dotted and t's crossed, but can currently only work weekends, and drives a truck that should be left out to pasture...would you still hire him?