Also the type of loan they are going for.My experience is if you want non-recourse with standard carve outs the lender is going to want to structure with the most security for themselves.If you were in their shoes and had a 20 million net worth investor putting 20 or 25% down on a property getting non-recourse then the lender has to feel really good about the income stream of the property, the quality of the location (dirt value) ,and build quality of the structure.

I was in your shoes a few years ago. 

Most people skip this step, go straight to the "how to" then wonder why they fail.If I were in your shoes, with that much capital  (I started with much less than the amount you have), I would become a private money or hard money lender.

It takes shoe leather and people skills, so if you're lazy don't do it.

Given the arrangement $1-1.50 seems fair to me.On a side note, 26 hours to lay 600 sq ft of laminate is crazy unless this included all the demo, new baseboards / shoe molding, painting of said molding etc...

In February i was in your shoes and wanted to buy a 2-4 unit.

You would then have a 3/8" gap on the low end of the floor that you can hide with a 3/4"  base shoe molding. 

For example if you told me you wanted a pair of shoes and i the contractor came back with a pair of payless brown velcro shoes i suspect you may not be happy.

That's like saying by having a "no shirt, no shoes, no service" sign you are discriminating against people with no feet.

If I don't know how to proceed in a situation when another person is involved, I usually put my self in their shoes.