Engaging personality.

The company I work for has been designing homes for a developer who up until now has only done flips.

I have to say, I'm pretty shocked that a company with a business model designed to degrade the quality of two deals at once while filtered money to themselves would be unethical in their execution of this model.Caveat Emptor.  

Escrow was 90 days and at the time there was no one we could find doing acquisition to construction loans, especially to a couple kooks so we got a private money loan at 8% interest, 60% LTV, Interest Only to close the deal.Early project rendering.The homes are 840 square feet each and were a challenging design exercise due to rigid site constraints: a restrictive FAR, flood plain and 30' coastal height limit that really gave us a very defined envelope in which to operate.

I would not allow an agent to engage in wholesaling, period!

I believe if this vacant building is like most your estimate of rehab is way understated.It's not just the interior of the property but all the exterior components and additional interior upgrades the county or city might require for code compliance.If landlord pays water or other utility with current setup design then go 60% costs annually instead of 50%.

@John HarrisonHUD FMR are the MEDIAN rent are not by design and definition comparable to any rent that is in the top 50% of rents charged in your area.HUD FMR are ONLY comparable to rents in the LOWER half of rents.

If you are designated a dealer, then the interest income will be treated as ordinary income.  

It is not uncommon to feel overwhelmed when engaging in any new project or endeavor.

Roofs are installed to a design wind speed of 75 mph even in Maryland I believe.