This could entail the owner, architect, and construction staff all collaborating to develop a solution.

Last time I got one I paid less than $1k, which mostly entailed an appraisal and recording costs. 

When a person is looking to take that next step and launch a syndication, the marketers all-but universally say step 1 is assert oneself as a market expert, ie "Guru".

This wholesaling off of “MLS” is absurd.5 - successful wholesaling entails knowledge of property values, and usually requires knowledge of construction procedures, defects, and costs as well.  

Get estimated loan pricing and then itemized fee worksheet so you know what all the costs entail

The step after that would be to get pre-approved which entails documenting assets, income and running credit. 

And if they assert that they have certain assets, can you request for them to validate their assertion?

did you record a mortgage or is it and unsecured note.if you filed a mortgage then you start a formal foreclosure. if its an unsecrued note then you have to Sue on the notewhich entails hiring and attorney and filing suit. question is     is there enough at risk to throw more money at it and what are your chances of collecting if you get said judgement.If your a first position mortgage you will get something. 

This entails building personal / working relationships with people successful in the field.

For the privilege of being a tyrant of the HOA they will endure any burden that the job entails.