I can find plots of land around SLO for less than 200, in paces like Atascadero and Los Osos, so I'm very curious to see if this will actually work!

Was looking into Relay bank after hearing Pace Morby talk it up.

He's kind of timid about pricing and usually comes in the middle of the range.

You aren't acknowledging that you are just a middle person with no money so you are starting with an untruth, the quickest way to get someone to hang up on you.

captial partner is probably what your looking for.I would advertise on Pace Morby's facebook lots of beginner investors on that site that might do deals like this .. most experienced investors wont do gap funding based on risk. 350k unsecured line from a bank is really good those are hard to get.

Go to Facebook and find pace morby subto community, you may even find one for you specific city. 

There  are videos on youtube (Pace Monty?

I caught the Pace Morby bug and plan to actively pursue other options since the trad lenders underwriting is making it difficult to follow my strategy of buy and hold.

Perhaps there is a middle ground where the $145K balance has to be accelerated down a certain amount for the lender to be comfortable with the release of the subdivided parcel.

I suggest advising the applicant that you can hold it 10 days rent from, start their lease after that and they can use the additional time to move in at a leisurely pace.