Has a budget been floated?

If you have good credit and the capital to float a deal from beginning to end and sometimes the exits can take 6+ months then you qualify.

I also have over 100k of available credit on credit cards I could use (I have worked so hard to create great relationships with CapitalOne and Chase after bankrupty to have this, and don't live on credit card float).

This timeline would not float in my office.

(this description excludes other variables such as inflation, mortgage rate drift, etc

I've been in several REI programs and looking to see what folks do outside of these programs if you get my drift. 

And right now some deals (less conservatively structured with high debt, floating rate loans, etc) are under distress and had to stop distributions.

And you could still give the seller a floating purchase price using an option simply by tying the future sales price to the then appraised value, or FMV minus 10%, or a fixed price today with a 5% uptick annually until you exercise the option.

My wife and I and multiple other couples go every year, and we know people who float more often then that.

Building on the extra lot makes the numbers work for the whole deal, from the cost per SF new construction I've seen floating around.