Hey @Seth Elliott, no stupid questions!

@Spencer Elliott The Big problem here is the Risk.  1st Build, now if we can see that he has plenty of experience working with a production builder and how on his own.... that may work.Typically lenders want to see 3 homes built first before they will extend credit.Now His Bank should be the one lending to him, but why are they not??????

Development: Fayetteville Officials are seeking nearly $30 million dollars from HUD to reconstruct low-income housing on Murchison Road and Elliott Circle.

Thanks,Elliot hi Elliott,I'm glad there was something useful for you in my post.

Quote from @Travis Elliott: Hi guys.A little about myself.

I am a real estate agent in the Jackson area and my top three title companies/closing attorneys I use are Luckett, Purvis Law Firm in Jackson and Elliott Law Firm in Flowood.

Quote from @Justin Elliott: I think what's happening is lots of floating rate debt and bridge loans were taken out on deals in TX and the Southeast.  

Thank you Elliott, is one of the criteria is that it has to cash flow over a certain amount of the mortgage and expenses?

@Megan Elliott, There's no statutory holding period. 

@Brandon Elliott, yes this can actually be a very strategic decision by you.