Assuming the price is exactly the same between your quotes - If I was you I would be looking for the best possible coverage amount / settlement terms for the price paid.Also once you think you have a final choice selected - make sure the numbers you are looking at are the real numbers and not what I call shopping numbers that then go to underwriting for review after the policy is issued.

They already have relationships with trusted contractors, leasing agents, and some have property management in-house.BRRRR can be a good choice, but it all depends on how much time you have to dedicate to the project, and how far away you are located.

I call this strategy the Multiple Choice Offers Strategy.It worked so well for me the first time I tried it, that I ended up getting 5 offers accepted in about 30 days.

But like you mentioned, getting down to the nitty gritty can be a tough choice.

Is there a way to edit or delete our posts once they are posted?

@Ned CareyHi Ned, I get your point.But in a hot market which is rising you do not always get a choice.

If these are not good choices who do you recommend for your first multifamily conventional loan?

Is it a wise choice to do this development?

I generally don't do owner financing unless its a minimum of 3 years for multiple reasons you've included.I agree though a lease option might be a better choice in general with the info that's been spoken about, but there is a lot going on so you'd need to make sure if in 2 years this person decides not to buy you have a back up (which it seems like you might already have).

Besides carrying a gun, what would be the weapon of choice to have for the coming dog?