So right now is a chance to nicely position yourself when this occurs. 

I'm paid fairly quickly, at the time the assignment occurs.- go through all the above motions, but this time I don't assign the lease and option to the tenant-buyer.

OR Talk with a property management team that specializes in Padsplit / Co-living and they can give you some more realistic numbers to go with when it comes to occurancy % and cost!

Especially if you haven't went into detail about how you want things to occur and what the project schedule is.

Overall, it sounds like this whole thing stemmed from a communication or integrity issue that occurred at the loan officer level.

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

On the $650k we financed and “wrapped” we earn the 6% differential every year - or $39,000 (declining as amortization occurs).  

That weird uncle everyone has will be glad to help take care of any family member disputes with unconventional methods, boating accidents, hunting accidents happen every day.

The push to have more than one CC if not I feel that they don't give 100% we accidently started with 2.

Meanwhile, in the 4 years in limbo massive redevelopment was occurring in the area, and we were offered an amount equal to our investment plus a reasonable profit by a developer.