The partner holding it in an SDIRA did explore ways to exit the deal with that entity and buy back in down the road with another, but the time, cost, and penalties made it prohibitive.  

Refine exit strategies and partner with experienced teams for a mix of flips for capital and multifamily properties for cash flow and long-term growth.Good luck!

Your 20 percent is gone and has opened up more of the equity for them in an exit strategy.

I do have 2 exits as it a walkout basement and the ceiling is 7 ft high.

Hey @Michael Dallas, it sounds like you've put a solid offer on the table—10% interest-only on $95k is competitive, especially with a clear 2-year exit plan.

Quote from @Jonathan Bock: Probably a dealbreaker for a prospective buyer @Arron Paulino Has a local investor offered you a price to just exit ? 

That's come full circle because that's what I should have done  (no offense to anyone investing in the Midwest but I'm doing the slow exit out of Indiana, already sold one property).  

This is why you need to make sure you review your file prior to even getting the hard money loan because what if you do not even qualify for a conventional loan then you'll have problems and might not have a net benefit exit strategy.

But I exited that position and now stick with dollars and gold for my "cash" position to keep things simple.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.