He also used to take land that wasn’t valuable as is and get it re-zoned for residential/commercial, draw up blueprints and sell the vision.

In hindsight I probably should have gotten an additional HVAC-specific inspection and tested the measurements for the actual washer/dryer space.

Additionally, you want to start building your "Core 4": agent, GC, lender, and PM. 

In addition, suncoast will charge you a 1 month rent just to get the property filled, so you are already starting off massively underwater.

Either way it would be a grey area, selling a house with a different amount of units/bedroom/bathroom seems extreme though. its an auction site, I have seen auction sites miss the fact there was additional lots in a sale.

The loan officer didn't care about the LLC, just said there would be additional papers to sign.

When the borrower signs the promissory note, it becomes valuable.

Your primary strategy should be to have the Contractor and all Subcontractors add you to their insurance policy as Additional Insured. 

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes. 

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...