I would probably refi into a DSCR loan.Aside from a relatively inexperienced builder and the risk of a development that isn't "established" yet, what am I missing?

You might still make some money...or you might loose just a little while you learn....but I think chances are unless you totally mess things up or every part of the deal goes wrong, you end up with most of your money back....AND you learn and develop some relationships.

🌎 Hi, I am based in San Diego, CA.💫 We work with rental property
investors and I’m always trying to learn more so we can educate our clients.❓Any insight you could give would be great!

@Jordan Sachs This is 100% a state law issue... developed through court cases over time.

But do note that there are many of these "resort-developments" in the area.

Relationships often lead to off-market deals and valuable partnerships.Consider targeting up-and-coming neighborhoods or distressed properties in areas seeing new development or infrastructure improvements.If you’re exploring commercial, maybe start with small multifamily units (like duplexes or fourplexes) before diving into larger complexes.I’d love to connect and possibly collaborate.

I see that you're a developer so if you were to build apartments instead, you might want to look at data specifically for apartments instead of lumping in houses/townhomes.

Now we're seeing incredible population and job growth and major companies moving and developing here like Intel and Amazon - great macroeconomics and strong rental demand.

I think that a new partner a very large real estate development co. that the company now has a relationship wanted it there where his company is also .We have very different definitions of a Hard Money Loan. 

@Henry Clark is an expert on Storage development maybe he could give some pointers.