@Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?

WHat are these locations?

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

What is the point of a contract if you can just change your mind and walk away? 

They listen to what you suggest and continually improving their software and processes.

Since about 2015 I have owned a number of Notes in northern CA through a lender/broker there who has done hundreds of these notes.

This will clarify and reinforce what you are reading.

I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

$540 is not unreasonable for a home of that size and the items you mention.