I would also tell you to be extremely careful when doing contracts with builders. 

If the COC has a difference of 0.3% who cares?

You also have the option of only owning the real estate or the business as well.I can’t think of a more fulfilling and pride of ownership opportunity in real estate than owning really incredible homes providing better care than big box facilities.

As far as the bank goes they do not care what happens after the note is bought.

But understand that I was a new investor and trusted them in taking care on a lot of these things because I knew my due diligence might be faulty because of my lack of experience.so I completely disagree to your points here on siding with them  I don’t agree with you, I could have just gone on redfin and bought a turnkey or asked an agent in Akron area to help me get one. 

Some of my Scottsdale connections who specialize in land deals have been whispering about how a few smaller outfits in Casper.. from what I’ve heard, outfits tucked behind older storefronts, have been matching buyers with off-market parcels that never even hit the usual channels.If you line up your financing carefully (no legal or tax advice here, just speaking from experience), you can sometimes lock in a deal that ages nicely over tthe years.

So if we had not been proactive on this, there is a good chance Chase never would have noticed or cared about it.

You would become an owner of a STR instead of an LTR.

I am part of an investor group.  

You'd be surprised how often a deal can happen using this strategy but it is also important to run the numbers and make sure your COC return, etc are in line with your expectations.Probably the lowest risk is partnering because a seasoned investor will verify the deal (hence their participation) and likely take care of the initial money required.