Initiating the ConversationThe key to approaching a non-profit is to be respectful, patient, and aligned with their mission.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

The pro development and affordable housing advocates use the term NIMBY, but I suspect it is the rare person that buys in a single family zoned area that would be thrilled to have 17 units (qp16 additional units added) in the lot next to them.My initial protege was the land source on this effort.  

It is about an 11% yearly return on my initial investment.

Finding them online and completing an application so they can atleast do an initial underwriting will work.here is min. someone will want to see:2.

I've had a long career in community development and have a lot of bank contacts that would likely be interested in investing, but I'd need to prove the concept first with an initial fund (there are also a lot of other community development tools that could be leveraged to maximize and scale this).

While the initial years might not be financially lucrative, the knowledge and skills you acquire will be invaluable.

On the initial agreement, it clearly stated that the buyer was going to be using financing and listed the terms of their financing

If I have several options, I would prefer a HELOC with no initial draw requirements (i.e. to establish a literal line of credit that I have no specific short term plans to use), i.e. not something like the better.com HELOC.