You have numerous funding options so pick your poison.

I guess I need to look into a BLOC with a personal guarantee on this one.Thanks for the thorough explanation, Scott!

You do not owe the seller any explanation on this. 

I’ve reviewed a number of theses DST’s across numerous asset classes  and there performance /returns are generally fairly low and unimpressive. 

There are numerous reasons why they usually do not make good rent properties. 

While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.

I can find numerous other similar homes for investors.

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

Quote from @Brandon Croucier: Quote from @Chris Seveney: They are more than a one man show - they are doing $10-12MM a year in lending (also have other parts of business) and have the people and systems in place includin g all above except the deal flow.How does one profitably run a PML company with numerous people only funding 10-12M a year?

And all properties need to be managed and supervised numerous times per year; giving residents the idea that no one is watching and/or no one cares will be a sure recipe for disaster.