$2,698-$1600= $1098/mo would be your responsibilty and you said you could cover it all. 

I'm 25k out of pocket for permits and clearing.I bet the pre-permitted 10 contiguous lots on the river would appraise for at least 150k.Am i being overly optimistic?

To do so, I need an initial team who can cover the following aspects of these projects:- Wholesaler- Contractor (Inspection oriented)- Equity Partners (Project Incentives)Once the deals are in place, the financing support will be through personal capital for upfront costs, with the intention to raise private capital and include hard-money lenders as-needed.

@Brett Jurgens  What is your current financing terms on the existing loan? 

So to help cover expenses and see some cash flow would focus on multi-unit property. 

The quaility of old existing units, and the ability of the long term population to pay new rents, blended with an influx of small high end mill conversion units is simply not balanced.

I'm no appraiser but have plenty of fix and flips as well as new construction but IMO, it will be existing home. 

What period of time does it cover?

As I mentioned above, the risk of being sued, found guilty, and fined more than your insurance will cover is almost non-existent. 

For example, on a recent project, Draw #1 covered the roof, demo, and trash-out.