Once that study is done you will have a good idea what you can and cannot do with it.. and or buffers etc..In some instances you can swap wetlands and build on current ones..

I’d enjoy meeting up and swapping info.  

Tgis keeps them from wanting to swap back and forth constantly, but if they want to...okay, fine. 

Investors were doing the same thing.. you had plenty of bay area folks with great fico and could make payments, but back in those days you needed 10 to 20% down so you really needed 50k to 200k in cash to buy a home.. so investors swapped the cash for 50/50 on the equity although the folks that I knew that did this had a 5 year time line to refi or sell.. depending on the cycle you can hit it big or it can be a bust but I would think if its a bust then the equity company just extends their contract instead of taking a beating. 

That’s why you rarely see it in commercial loans (mostly swap products) and residential only offers it for federally guaranteed/insured loans.

(Swapping terms here, Local/LP) As well as splitting the returns above 7% at 50/50. 

.+1 on using same items in all units for quick swap outs and replacements.

I hope to meet you and build a relationship with the people of the small world known as realestate.Hey Curran, let's connect via a direct message so we can swap numbers and chat. 

My wife and I are in Orange County all the time and are always up for some strategic planning and story swapping.

@Ryan E. to help get you a bit more insight without needing to get overly specific, I constantly swap out and trade up the assets in the portfolio.