(We are working on a generalized survey to collect info on our buyers/potential buyers so we can make sure we understand who our customers are while trying to dial in their preferences and patterns.)You are doing great things. 

Our project management kept everything on schedule, making the property highly attractive to buyers.

How does the buyer ensure that the proceeds are used to pay the first mortgage?

I am a realtor and wholesaler, and I get some buyers looking for owner financing, some sellers need/prefer getting cashed out and there are some lenders I work with who can provide the financing however they run out of funds sometimes.

That pace feels pretty good to me...I can get past the "rookie mistake" phase of my career before there is investor money on the line, and I can "fail small" because SFRs and small multifamily doesn't hurt as much as larger properties when things go wrong.Timing had a role, too.

This means understanding the neighborhoods, pricing trends, and what buyers are looking for.

This can have huge tax implications.Margins are an option but they are usually given at 50% of your portfolio (in this case 500k or even less after excluding 401k).In case if anyone's wondering why I'm doing this, it's because some buyers sell it much cheaper when it's a cash offer with 15-20 days closing.

Second biggest mistake is failing to realize these construction loans allow draws on improvements meaning cash expenditures are required before the first draw can be issued.

The inspector for the buyers stated "this is a nice house" "done really well".

Higher interest rates are keeping some buyers out of the market so properties are sometimes sitting for longer or not getting the desired price.