I can see where the bank may be unwilling to make a loan to this particular borrower, or that this borrower may be unable to find anyone to finance them, but financing the purchase of a note is possible.The borrower has no ability to allow or disallow the sale of the note that's backed with their loan.

The State of New Jersey has just passed a bill that would ban the conversion to condos for all housing only in Hudson County.

The thing that would put it over the top, is when it gets a fully editable and printable scope of work builder, along with the ability to edit some of the other forms.

The ability to create equity and cash flow without “finding” deals is beyond amazing even with the upfront cash challenges.

I have seen far too many times where these do not hit pro forma due to unexpected problems like theft, crime, etc.And, on top of that you are not even going to be in the US and have no ability to supervise and make sure that the people that you hired (who are not aligned with you) are looking out for your best interests.

Congrats on building that :) As far as the ability to purchase it as a primary with 5% down, yes you definitely can.

It has great potential and the ability to cash flow nicely.

No offense, but I hate the idea.You can send someone a bill all you want, but they aren't going to pay it, which means that all you are going to end up doing is turning off their account. 

Value adds that could bring up cashflow/value:- renovating units to bring rent up to 6-7k/month - ability to rent out parking space on the property as lot is large - trailers, parking, RVs etc - about 1-2k/month cashflow. - property had TDR trasnferable development rights and can be built 5 stories on it.

They will based on the comps and your ability to repay the loan.