We don't have gas out there now, but we do have power and sewer/plumbing in the garage because of the permitted rec room and bathroom.My biggest question is the ADU designation.

Do you have the staying power to hold and finish the project?

I expect the delays will mount unexpected costs and Frank will be hiring a series of GC's who lien the property after they quit. 

It is no secrete that recent property listings and price of said listings are not meeting the buying power of these areas.

Jurisdiction is powerful.

That’s not to mention the factors that are unexpected or completely unknown that can ruin a deal.6.

Borrowers with strong negotiating power may be able to secure more extension options.In summary, the number of extension options for a multifamily bridge loan is determined by a combination of the lender's policies, the borrower's qualifications, property-specific factors, market conditions, and individual negotiation.

 $7,000 in 2022 was worth the same as $500 in 1993 in purchasing power for land in our area.We subdivided and sold for $50,000 per acre with “forced” appreciation.  

With many homebuyers waiting, this could make now a good time to jump into the market to find deals. Check out this video

It's a power struggle for some people.