Also many states have a cut-off date (in relation to some filing or event) where notices to junior lien holders are no longer required, if actual notice was even required to begin with. 

This was a cut and dry buy and hold.

I am ok with taking a cut in profit at this time to do that but I still have a minimum net profit I am looking to make.

It might work for your borrowers, however.If it’s ok that you are not the direct lender, but you still want to control the deal and take a cut, there are other options, so you don’t have to say “No” to prospective borrowers:You can originate loans using white paper offered by many larger lenders.

Asheville used to be a cute little hip town but now what I've seen is moves towards being strictly a tourist town, forgetting the residents.

I’d love to know what others would be looking at as a cut off cap rate for a similar sized new build in the area.Are you working in the area? 

That said, despite all of my enthusiasm and good intentions, I'm acutely aware of how new and naive I may be to this field.I would love to connect with any and all of you. 

I am acutally headed down to a private island next weekend for a trip that is in the middle of nowhere, just how I like it. 

They'll do the dispositions in exchange for a cut of the assignment.

Furthermore, you should be getting a cut of the proceeds of the sale (again, GPs will take 10-50% depending on deal structure), so even though cash flow is disappointing, you should make something on the sale, if the GPs manage to get a good sale price.