Just to clear up some concepts.

Since the HML is the primary capital, you should sort these concepts out with the HML first so you understand what you can and can not do with the lender who provides you the majority of the funds.It goes without mention, hopeful you are also reviewing the economic impact to your bottom line of borrowing additional funds, paying interest or return on them.

@Koob MouaHey Koob my name is Edward and I'm from Tucson AZ.

Edward Burns , the property is in Maryland.

. , @Donald Stevens , @Eric Belgau and @Edward Burns .

If you can help them with the initial concept and get them excited, they will be more likely to call their accountant and decide whether to proceed.

@Brian Burke and @Aaron Junck - I have been devouring BiggerPockets, but I have yet to find these concepts explained - do you know where I could find more info?

Thanks Edward!

(note, not trying to pre sell them yet, just using the example)However; in regard to the concept of new construction, when there's a market such as we have in Orange County's more in demand areas, new construction makes sense.

Some people go their entire life and never even grasp the concept of acquiring assets and passing them on the family.