And yes, agree with the above - Raise Rates NOW,  AND construct more buildings if possible AND look for more ground to develop more units in that market or look for conversion opportunities as well. 

He told me the developer never funded anything to start the hoa like he was supposed to so they were playing catch up.Yet another reason why I'm hoping my offer of 2k or 3k will be enticing enough to just let them stay out til the end of this lease.

The whole point of a down payment is that you have serious skin in the game and won’t walk away if things don’t go smoothly.  

I have concerns that I will be tying my hands a bit if I eventually want to sell / develop the two lots together or if I want to hold for a bit and draw lines of credit against the lots.Thanks,Juan Monge

Create investing games and simulations. 

I honestly would like to learn how to step up my game on this too.

I'm trying to add up the costs of development.  

On the development side, the current price per square foot isn't worth it, those I know currently in development had contracts with their contractors before the rates began to climb higher and higher.

They don't have a skin in the game.

List those properties after the rehabber/developer completes the job.That's what I plan on doing because I love working with investors and I also want to learn how to rehab myself.