Back to the management, it's my understanding that all the successful veterans in this game underwrite every deal as if they will be having 3rd party management, and If still a GO..then they deal.

So, if you could buy the land and build the property for 75% of what it's worth at the end then you'd then be able to refinance onto some long-term debt (like a commercial loan through a bank, a Fannie Mae or Freddie Mac loan if your value was bit higher, or some other loan product).Key to success here is going to be having a plan and knowing your costs. 

should I wait at least 6 months to see how the market behaves?

“I noticed through public records that you may be having some difficulty with your lender.

I'm planning on contacting my real estate attorney on Monday to get more advice as well. i think the biggest downfall will be having money tied up for a year without the guarantee of getting the property.

I feel like the market isn't behaving how it usually does. 

They most likely will not be having wild parties at the house as well.

Since the pandemic I postponed my due diligence so I can’t be so sure anymore if the tenant still behaves himself.

Hey @Brian Montiel  I just put together an in person meetup we will be having in Battle Ground (about 30 min from Portland)  April 6th. 

Yet the Exit Cap is the most speculative part of the underwriting – none of us have a crystal ball and nobody knows how the market will behave in 3-5 years from now, when it’s time to sell, or even a year from now.