A major Coast Guard base is being stood up in N chs on the river, the port facility is booming and expanding rapidly, and N Chs offers some of the only reasonably priced developable RE with short commuting distance of the peninsula, Mount P, and the beaches.

Just a heads up, if you need to count the rental income from your departing residence to qualify, FHA will not be an option for your new home unless you move over 100 miles away.

But with that said, you're definitely heading the right direction.This is still, in my opinion,  the best way to get started but all the risk around it are significantly more precarious than the yesteryears.

We were in WAY over our heads and the contractor was of no help.

We're definitely headed in the right direction.  

That's where this is headed if you think the answer is let's undercut peoples pay more and more.

It makes the whole process that much smoother.Once you have gotten set up and discussed your goals with your lender and your Realtor has given you the rundown of strategies here in the Denver market, it will be easy to identify where you are heading.

But if these Seattle projects will, two years from now after HB1110 rules are in force, appear to have been an ephemeral thing that came and went among a handful of limit-pushing builders,  our development might end up seeming weird (which could impact both buyer appeal & financeability).I know there's no crystal ball and the State rules have been changing rapidly, and might still change further. 

@Jay Hinrichsi wish I could like this post 100xHit the nail on the head with all these guru training courses.

Hit the nail on the head I am in total agreement.