I know you had a lot of people throwing mud at you and trying to discredit what you were doing here.

Next week we should mud the rest of it, start the decks, and pour the driveways.Work ItemsComplete this weekSheetrockOrder cabinetsTo Complete next weekBegin pouring drivewaysDecksFix broken window Blocking IssuesNoneSchedule1/31 - Target date to do survey if title comes back in time. - COMPLETE2/3 – Survey performed - COMPLETE2/4 – Survey docs delivered, feasibility start - COMPLETE2/21 - Have site plan rough ready and approved by COA arborist - PARTIAL, waiting on arborist2/24 - Complete material submission for iFunding - COMPLETE4/21 - Designs complete and handed to engineering - COMPLETE5/13 - Engineering complete - COMPLETE5/29 – Permit paper is ready to submit - COMPLETE5/30 - Submit permits to the city - COMPLETE6/25 - Submit response to city feedback on permits - COMPLETE6/30 - Permit approved - COMPLETE8/8 - Gas lines removed, slab demolished, start foundation - ON TRACK8/11 - Tree removed - COMPLETE8/29 - Foundation complete - COMPLETE10/10 - Framing complete - COMPLETE12/19 - Mechanicals complete - COMPLETE3/15 - Complete construction5/15 - Units soldPicturesVideohttp://youtu.be/VzFGPv34ywM

The tradeoff is you get a lockout, prepayment, or other undesirable terms on the front end of the loan for this type of product, presumably so that the lender is guaranteed an income stream or some minimum if you decide to sell, refinance, etc. early.  

Also, the statements "we do full background checks" and "we partner with law enforcement" turns off most of the undesirables.  

It can take a couple days to frame, rock, tape, mud, texture, trim out and paint a new closet and might cost $400 or more in materials.

This is so water has a place to go , if not the filld in pool would become a mud pit .

MY GOAL is to show ALL THE POSSIBILITIES, and to open everyone's thinking to looking for the positives each time an opportunity is presented.I believe we'll all be more successful, if we continually learn how to turn more "undesirable situations" into opportunities!!!

The thing to be careful of is that by applying an arbitrary 2% rule, it can lead people in to cheap, undesirable markets.

If a property appears really cheap in this area it is most likely on an undesirable location.

Do whatever it takes to keep them out so you don't end up in my shoes.There should be a primer on "legal ways to deny undesirable tenants", although I can't recall the last time I rejected someone with good income and credit.