I think there's a fair amount of play in the budget for what needs to be done.  

That will play a factor for qualifying.

They want to pay based on what you're actually making.But I also believe that the square footage of the cabin plays a big part too.

That’s the beauty of house hacking.. it’s a long-term play with massive upside.What to Look Out ForAnalyze the Numbers Thoroughly: With your goal of having the property cash flow once you move out, the key is to run your numbers with future rents in mind, not just what you’ll pay while living there.

If you do have to lawyer up, make it clear you’re playing the long game.

PMLs exist, there's zillions of them, real estate investors work with them every day and PMLs fill a need and have a role to play as a specific tools for a specific situation.See if you can put a sharper point on your question.Mike Thanks for this Mike! 

I think real estate investing has always been a long play whether it be Turnkey or any other route. 

It's easy to play the what if senario over in my head over and over again, but I've shifted from "What if" to "What's next"!

Any way good luck with it.. sounds like this company's eyes were way bigger than their stomach.. to scale on scattered lots is pretty tough logistically and I guess we are seeing that play out.

There is a potential scenario where an outside rescue fund (marketed as preferred equity to new investors) could come into play in many of the projects that appear to be performing especially if they have been paying the pref (via a reserve account stockpiled by over raising funds in the beginning).