@Annie Bass I think this could help you :) https://www.bloom-law.com/wp-c... 

We figured the septic permit from the county would be sufficient - but turns out our foundation quote/budget was way too low due to soft soil.We're trying to figure out if we can get the land under another type of financial instrument and continue with the RV plans without putting a home on the property. 

Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).

@Frank SichelleThey all have the past performance is not indicative of future success and for anyone who shows a history of prior returns without having it third party verified is like saying I went fishing alone and caught 20 fish including the largest bass ever.

Yes, pivot from fixed income to hard assets and to a lesser degree soft assets.

Market rents are $2,750 but let's go soft and say $2,500 just to be all the more conservative. 

If you are going off of zillow or another online service, it may not account for renovations you have done to the property. 2) Contact a Mortgage Professional for a Soft Pull of your credit.

Your comments about down payment size in a hard vs soft market make complete sense.

(and we do a soft credit pull, so no more damage to that score :) )  

The total cost of the project including improvements, soft costs and carrying costs from acquisition to stabilization will be close  to $2.65M and the equity requirement using the alt. lender was $480,000 vs. the traditional bank which would have been $800,000.