We will land at roughly 26k in materials for this project… a 14’x26’ garage.

Bruce -- what about contesting the assessment of land vs structure?

.); the percentage of damage to the Improvements at which the Property’s jurisdiction will require the Property be rebuilt to current zoning and land use requirements (i.e., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

I've never really needed to because I've always had enough money to fund things myself but I am shifting into flipping and land development and new builds. 

Definitely reach out when you get closer, I do a lot of new construction dealsInitial Assessment Based on Land Only: In the first year, property taxes may be based primarily on the value of the land, as the construction may not have been fully completed or assessed by the time property taxes were calculated.

Ask if parking can be done inside these setbacks.Get on Loopnet and look up commercial/industrial land only. 

If you are paying interest only, you are not paying down the mortgage. on the $700k you would be, but equity depends on whether its a land contract or traditional note  - depends on structure.3. good template google fannie mae security instruments.Also, my question is if you have not money for a down payment, how can you afford a $700k p&i payment along with $300k I/O payment?

I see a lot of potential with the vacant land as well as rehab on the structure.  

what kind of shape are the big and medium-ticket items in - roof, mechanicals, appliances? 

The PM says this is potentially shaping up to be a lawsuit that my tenant is interested in.