You also need to verbally iterate to them that these are the conditions.  

Its important to stay agile and creative.

I've worked in corporate finance for a long time and one thing that I've learned about any opportunity is that you have to be agile, take the emotion out of decision-making and if the numbers make sense go for it.  

And I'm always a fan of investing where you live if you can swing it.@Eric

I use Magicplan with a Bluetooth laser measure to walk-though a pre-flipped property and envision what the finished project could look like while iteratively changing sizes and positioning.

Good for you on setting up a system with Agile mentality. 

We have gone through several iterations of our plan: short term vacation rentals -> single family rentals -> multi-family buy and hold BRRRR.

The goal is to build something that will get approved and not require a number of iterations, while also staying on budget.Some cities/counties will post will current approved projects in the GIS maps with draft site plans.

But I'd take 25-50k (or whatever amount needed) and work on developing, iterating, and perfecting off-market dealflow that works for you and your market.

The data collecting process in qualitative research is personal, field-based, and iterative or circular.