That's almost guaranteed to cause problems and hard feelings down the line.  

So, go ahead and find a cheaper vendor - guarantee you can find one.But, most won't be licensed and insured to protect you from lawsuits.Oh, and what do you think your chances are of getting a cheap vendor to come back and fix something under warranty?

Beside the “subject to” that’s recently become the subject of much debate we utilized  ”no interest short term owner financing”, the “2nd mortgage crank”, substitution of collateral, mortgage subordination, wrap loans, real estate “exchange” (not for tax reasons), sale - lease back, guaranteed rent payments, sale - buy back, land offered in lieu of down payment, zero coupon bonds as substitution of collateral, and a few others that escape my memory.  

Your condo master policy typically covers up to the studs or up to the drywall and almost 99% guarantee will not rebuild the inside of your unit if there is a major loss. 

I will list his known assets at the bottom.Here are my two questions: If the documents I sign show him as personally guaranteeing the loan (specific language below).

we build at $174 per sq ft hard bid guaranteed. land is $10-$15 per sq ft.

@Damein White some great points by others concerning increases in rental rates and/or lowering of energy bills than a guaranteed increase in resale price.

the other thing is I flat guarantee that many of these syndication just take the investor word for being accredited.

Fannie/Freddie will allow you to have UP to 10 personally guaranteed loans residential loans period.

Hell no.Appreciation is not guaranteed.