We have a soft spot for Perdido.  

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).

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. 

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

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.

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

My frustrations aren't specifically with the deal mechanics, even though I'm very disappointed in how they turned out.My frustrations come from the lack of GP "soft skills" / broken promises that were made around full transparency (good & bad), open and timely communications, prompt delivery of investor updates & k-1s, communication in laymen terms, actively updated & accurate portal, etc. 

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.