I financed the acquisition of the land with personal and private money.

We rarely have issues, but it seems like such a small investment in time and money to take one day to verify. 

Plus, that is the cheapest that money will ever be for you.  2.65% interest rate? 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I know it is expected that you will need to spend some money after someone moves out but I just didn't expect I was going to need to spend appx. $10k to get it rental-ready. 

Next steps are to put down a roll of plastic to prevent moisture or wet floors. 

If you're still interested, take a trip to the site once ground has been broken.The flashy marketing material for a new development is great, but don't put your money at risk for something that's likely to vaporize.

You've earned $132,000 more by splitting your money and leveraging it.

I will add that to your question of 10% or 20%, you need to ask yourself whether you need the cashflow or not. 10% down would leave some money with which to buy more properties.

Our cash on cash return is essentially infinite as we make money on the delta between the yield of the discounted note that we purchase and the interest rate we pay to our passive private capital partners.