My parents owned a 1200 sqft (cool) ranch with 3 beds/2baths when I was a tyke.

What this lender  failed to understand was the taxes that showed as delinquent were from the previous parent parcel tax ID that no longer existed.  

His storyAt a young age -and despite having several siblings- he felt impressed that he was going to need to take care of his parents when they were older, so he went forward with that mission in mind.

I pray you're not a parent. 

Even if I was the senior lender for one of the new developments, in a downside scenario I wouldn't know what to do with the land / the half-finished or finished (but unsale-able for whatever reason) inventory.Therefore - I don't want to invest / make a loan in the development JV itself - I would rather make a loan at the parent-co level where there is collateral in the form of completed properties that are generating rental cash flow - they do have mortgages on them. 

I want to start a discussion about millennials living with their parents.

As far as friends go, when you're young, that generally means the parents of friends as the tendency is they will have money to invest where friends in your age group are less likely to have investable funds. 

They will sell their home and parents home and with proceeds provide a down payment, The rest of amount would be a lease-purchase.

Currently my husband's parents own the property but need to sell due to declining health. 

BP members make a donation to aheroshome.org and they get me for a half an hour to talk shop.. if its something I am not really up to speed on I let them know they can still donate but I may not be the best person for advice..