I'm seeking to be in an environment with like minded individuals to learn and network to grow my portfolio and eventually network to collaborate on larger deals once I have a better understanding of the commercial side. 

I had to go that far away due to the insane cost of real estate in Boston, so I fully understand the predicament.

Quote from @Matthew McCarty: Quote from @James Hamling: @Aileen Ouyang I understand where coming from. 

And here is a PDF explaining it for both Fannie Mae and Freddie Mac: https://www.radian.com/-/media/Files/Enterprise/Training/QRG...Understanding Foreign Income Foreign income is defined as income earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.

**NAHB Contracts**: The National Association of Home Builders (NAHB) offers a variety of detailed and standardized legal templates specifically designed for the residential construction industry2.

Come to think of it, though, I can't imagine why they wouldn't let me perform one just to understand how much I can offer.  

Homes are double story standard homes with around 21-24 Squares.

Here's a post I made on "non-conforming" vs "illegal/unpermitted", understand they are NOT the same thing.

I understand that a fideicomiso is needed if we are wanting to own a property by a beach (which we would).

More than likely the PM wasn't aware of the costs as most PM's don't understand project management.