Tenants rarely water anything.

While this rarely happens, it allows the banks the opportunity to call your loan, claiming you've breached the terms of the loan agreement.

Completed lots with Concrete roads, and water and sewer are costing more than $70,000 per acre in development cost, and are yielding 3 lots per acre, Combine development cost with prime land acquisition cost of $70k/acre, and your lot cost is over $45k/lot.My recommendations for you, 1.

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

The city's rising stature as an international tourist and business hub, combined with limited waterfront property, suggests a promising upward trajectory for property values.2.

I don't have much experience with anything outside of rental properties but i am very willing and open to go into a whole new direction.What I own so far:One Multi Family Building (4 Units)Six Single Family HomesThe Multi Family Building and one of the SFR are owned free and clear (Estimated value of $2.3 Million combined).

This is too low value for any DSCR Lender I know of - vast majority of DSCR Lenders are at around $100k minimum loan amounts, some down to $75k and very rare but possible down to $55k - but this is loan amount not property value - so under $50k property value is basically impossibleThis begs the question though - are these properties turnkey or need of renovations?

There are tons of loan products out there but low fees is rare because everything is a lot more expensive nowadaysGap lending is too risky as prices are slowing/falling in many markets.

You may hear stories of them working out in the buyer's favor, but that's actually rare.

I have used it on occasion, but it is rare.