In a market retraction, I'd rather have low to no leverage assets than can be leveraged for good opportunities than many highly levered assets that might require cash injections if a tenant or two goes bad.Hope this helps!

So you're going to have carrying costs with this , as well as opening the door costs , as well as capital injections by both parties of an amount to be able to pay the bills of the llc just to survive as well as to grow business for yourselves . 

You are asking if you should potentially think of this contribution to your new venture as a loan that and should try to return the money on a proven timetable.The answer to this is that most people that I know would treat this as an investment, and either transfer the money into a new entity, or transfer it to a personal bank account and inject capital into the business on an as-needed basis. 

FYI, my fav is "failure to adhere to the rules of the lease or lied on or during the application process" and inject clauses such as "any individual over more than (x number of days) is considered a tenant, and must apply or be added as an occupant". 

You can use the cost of the land and the other costs you have already spent toward the down payment, so I suspect you won't have to inject anything else into the deal.

I mean that on the macro level, when the federal government injects tons of money into the economy, a large portion tends to end up in places like the Bay Area (Silicon valley, VC, stocks) and New York (financial center).

Even lowering your vacancy rate will not likely accomplish this because NOI, for the purposes of DSCR analysis anyway, will likely use an automatic value for vacancy rate.2) Decrease the denominator (debt service) by getting a lower interest rate, extending the amortization term, etc.It's important to remember that a lender will not want to rely on your desire to inject other funds into the property in order to keep it afloat, regardless of how much money you make, unless you sweeten the deal somehow (maybe a collateral position in another property like a second lien on your primary res or something).

These values are important because:- you can roll the raw land value into a joint venture with your developer partner; this will be considered your equity in the deal (assuming the land is free of any mortgages) and your partner should inject cash equity into the deal (an amount that must be negotiated and must be sufficient to ensure the developer is motivated to perform)- a lender will provide financing and base their LTV exposure on serviced land value (the higher the value, the more a lender will be willing to provide)These values can be determined using direct comparables or through a residual analysis.

I appreciate the level of realism you injected here, but I think it’s fairly obvious that most people won’t. 

Whether that was lockdowns, shutting down the world economy, which led to supply shocks, or you talk about the one-time stimuli that was injected into the system.