I know these laws vary widely among different states, but the common law right of equitable title in Virginia goes back a long way and I suspect it is not undone by this updated definition in the DPOR regulations in Virginia--even if that is what their intent was in trying to change this definition.

These are just talks we have from time to time on experience with how a GP thinks when sourcing and evaluating deals.For value add I only do very fat deals now to syndicate for single tenant.

Quote from @Daniel Rabinov: Hey,I am considering buying a piece of land to develop 8-10 houses on it with common area and amenities.Does anyone have some excel sheet or calculator that can help me check the viability of it being a good investment?

Actually they use only the bare minimum to build modular homes, with the exception of 2x6 walls which is common in mods.

However, a common theme I hear when I ask them how they got into this business - they didn't know enough to be really risk averse. 

Here's what I created in an attempt to get either a lower price or better payment terms with seller financing.Background:  This is an international property in a Country that it's fairly common to ask for payments.  

The “due on sale” clause, as its commonly referred to, is 2 paragraphs that are usually located in Fannie Mae and Freddie Mac “notes” (which is the specific form/instrument that outlines the terms of your mortgage).

@Angela Levy Yes, it's common to get a quit claim deed from the owner so that you can take possession of the property sooner. 

In Tampa it's common to find an entrepreneur that is running there own business and this allows me to verify how much cash they have on hand and assists me in calculating their debt to income ratio.3.

This is a common problem we see with many investors who are based outside the US.But don't worry, there are other options besides conventional mortgages.