I've also worked with lenders that don't mind reviewing a deal before you put it under contract to give you a preapproval for that project.

I just completed my first fix and flip project (closed) in Bellwood, Illinois.

Infill projects are big right now.

Like you said, it's working for someone so I'll be curious to hear some others input.My thoughts exactly - the $800 / m is not net as you have to figure in the dues - which can be a major hastle .One other factor is if 50% is rented  and / or more than 10% controlled by 1 entity - owner then this project will not qualify for FHA/VA financing which is key in condo market.

To make money as a real-estate attorney, they would either need to: (1) focus on larger projects; or (2) do a lot of cookie-cutter transactions.

Flexibility for the drawings can involve monthly payments throughout the project process and or large balloon payment once the project is complete.

Currently I have 2 different projects in Lake Highlands. 1. 3.2 acres that are designated for 18 individually plotted SF new builds w/utilities in place,  and alley way paved.

We have achieved our projected return on each of our rehabs. 

I have meetings next week with 2 new lenders for a very large project we will be building and will be using some of these thoughts I have shared. 

Or should we get some experience in renting and flipping before we venture on this big project!