At the time, just about everything was going for much higher price per square foot and with multiple offers.

It's always inspiring to see fellow real estate professionals who are passionate about learning and sharing insights.Phoenix is a vibrant market with plenty of opportunities.

I'm inclined to take an offer and move on.

If I add up all the lender fees and my holding costs—like points, origination fees, and interest —I can figure out how much profit I’ll make and what my maximum offer should be.

Here are my responses to your questions1) Not my area of expertise, but the numbers on this are very strong2) I'd generally lean towards building the CFM, but strategically selling some properties when someone gives you a offer you can't refuse.3) Most HMLs would lend you 75%-85% of your purchases prices plus up to 100% of the rehab costs (though some HMLs like to see the rehab costs at or below the purchase price).

Now you have enough to pique your interest further, but it still gives me the hee-bee-jeebies.Next step is to ask to see the offering documents regarding the syndication.

They often refer to it as 'certainty of close' when reviewing offers.3.

It sounds like the Seller does not want to commit until he knows the deal will go through, and until that time, he wants to be able to entertain other offers. 

Your maximum allowable offer. 

The home was on the market for over 200 days, the builder offered 15,000 discount.