For me and my goals, I focus on long-term investing in residential single-family homes in Florida and Georgia.

Are there any resources that help explain what type of terms we should ask for?

Prepayment penalties- usually 1-5 year terms.

Knowingly buying into the red just because of financing terms is a very unhealthy way to invest.

That's my biggest concern.But I should also look at the tax and long term benefits.

. $300sqft to build at least.If you have any sort of mortgage on the property you will need an attorney to handle the mountain of paperwork the bank will give you for a lien release. 10k+, also probably some nightmare terms to have to build and sell immediately and god knows what.At this point a year has passed and you have spent at least $60,000 cash, you're about to break ground on a structure that will cost you at the very least $400,000 to build, you are still 1 year away from cashing out because you have to now build a house.

However, I probably would not upgrade it but I would rent it out LONG TERM at least until you know your long term status in Portland.  

If their lease date is far from being over, I suggest letting them know that they have violated lease terms under section x (whatever part of the lease they violated) and that the lease will be terminated in 30 days.

Leveraging our market connections, we identified the property’s potential and negotiated favorable terms directly with the seller, securing it at a highly competitive price.

While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.