If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

Just be sure to brush up on your agent fiduciary requirements to avoid a lawsuit.2) Flip to various degrees of rehab.

Syndications also require exactly what you stated a real hard underwriting.

The interface is easy to work with, but they do require higher FICO scores for fix and flip products. 

And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.I can understand that rates aren't what they are when you close as when you get quoted, but if you offer a "rate lock" and use that term, you need to stick to it even if you aren't required by law to do so.

Tax saving might change you ROI so focus on meeting those rules if you are going to close on it.Kissimmee’s competitive STR market requires strategic theming and marketing to stand out, but its proximity to Orlando attractions and future developments like Epic Universe could drive demand.This post does not create a CPA-Client relationship.

I recommend checking with your lender about their specific requirements.

Be careful of some of the lending requirements that may ask what your intention of the purchase is. 

No RSVP is required, but you can RSVP on Meetup.com if you like.  

@Katharina Bormann, the responsiveness required likely has to do with how your state laws are with regard to eviction.