I pointed out that it was not above and beyond to finish a job they promised to finish the week before and it's not just an inconvenience but it affects my business as now I have created bad will with my tenants and need to compensate them for their excessive time wasted on this. 

I have excess earnings after expenses and my accountant advised to spend this cash on a property, vehicle, or 401k to avoid paying taxes on it.

------"In the event that there is a significant price increase in these construction materials in excess of 25% from the average of similar materials purchased by Builder in the proceeding 30-day period from the execution of this Contract, the excess charges will be passed through to Purchaser......Builder will attempt to keep the purchaser informed of any cost variances."

Only you know the combination of time, money, and appetite for risk to find that sweet spot for real estate investing.I might recommend you think about a few things:1.

Was informed that they currently don’t have the “appetite” to lend to out of state investors (was told it was a different case couple of years go).

Loan amount can be 75% LTC, 18-24 month io, maybe mini perm 5 years, rate depends, points 1-2Experience of developer team, third party vendor, excess equity of sponsors to cover cost overruns, market demand, forecasted supply, Not sure, we don't really know enough

It will pay our entire mortgage, and with the excess cash, we can begin saving for down payment #2!

We have had family there in excess of 15 and have plenty of glasses, plates etc for everyone.

What is your appetite for rehab? 

The rehab is FAR in excess of $500,000 or $600,000.2.