Is that about as clear as mud?

The only existing buildings in my market that meet those requirements are retail buildings which could be converted for our use but, typically retail space that are good deals (foreclosure, bank-owned, etc.) are in very undesirable areas or are too small or much larger than I want to take on.

We normally do 12 month contracts.However, if you go longer than 6 months, but less than 3 years, you mud t have specific verbiage in the contracts.It's not hard...the TPC tells you the specific verbiage.The main thing is §5.085 of the TPC.This is all about protecting the buyer from getting into a lease option on a house that is in foreclosure or where the seller isn't making the payments.The seller must provide the mtg. info.

I do agree with you, regardless of the classification of "vacancy", having money going out while none is coming in is most undesirable

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 .