I am not obliged to go with that specific local bank that the builder is recommending.

I appreciate your fast reply and taking the time to go over the deal with me!

As mentioned, I would definitely seek out the advice of experts in those specific markets depending on where you decide to go. 

Can you ever use these funds as they accumulate to go purchase another property or does that trigger taxes?

You tied up 70k and a minimum of 6 months just to go through this process. 

And it makes it easier for an investor to roll their preferred returns back into the fund if they so desire.- Our current preferred return is 12% a year, for a 3 year term (keep in mind these funds along with the notes that they purchase exist within a marketplace so returns fluctuate depending on the offering). - ACH payments are received by investors on the 1st of every month, so participation in our fund is a purely passive investment vehicle that's open to accredited investors only (and like Patrick said above, accredited or not, anyone can purchase a note).As an added bonus, investors in our fund can redeem shares to purchase notes upon availability. 

Communication - 1-2 weeks before a new trade starts they should walk the project with you to go through any last minute logistics and make sure they have a crew ready to go.3.

I ask what she is doing parking there and she says it was nothing and that she had to go.  

What recommendations do you have on how to go about that, meet agents, etc?

Interesting to go back and reread your Bitcoin dogma and belittling of the doubters.