With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

This is how they ensure the work is completed and the project is staying on budget.The questions you should be asking are what is the draw process.

I am typically managing 5-10 construction projects at a time.

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.

However, and I don't know anything about AirBnB in Denver, but my biggest concern for this project is the ability to consistently rent the basement for $1,800. 

Any real estate you buy here you want to hold for the rest of your life because of how many growth is projected here!

So my patience is wearing THIN on the Bennah Oaks Ocala project. 

I should also note that the project would be ground up and the FHA loan would be a one-close construction to a permanent mortgage 

I have 0 experience ground up construction loan program nationwide that does NOT require GC to sign anything, only provide proof of 3 C/O's (certificate of occupancy) over the last year I.e. built received occupancy permission now unit is on market or habitable. 700+ FICO I can get you 80%LTC loan to cost on the project on ground up construction for 1-4 units.

I got a deal on labor as I know the contractor personally and helped out a bit with the project.