(Also, the developer is reasonably experienced + wealthy and has personally guaranteed some of the existing development projects - but wants to move away from that)I'm also planning to get some equity in the JV / the broader development company (much less equity than if I were to be a pure equity investor of course). because I do think this could scale to 300-400 homes / yearOf note: These homes are modular in nature - so are faster to build and margins are projected to be attractive.My questions for you all is:Have any of you lent to development assets with cross-collateral from cashflowing properties like this?

On a transaction with tight margins (barely debt-covering), this could be the difference between getting it done and not. 

The Denver Metro area is ripe with renovation opportunities, whether you're eyeing larger projects or smaller ones with higher margins.

So more tax's = higher prices as that cost is passed-through to YOU the consumer, and higher price = more profit in that % profit margin. 

However, split systems are like large lego sets and the biggest margin for error with this system is reliant on a properly installed system.

This is because instead of developing the highly targeted profitable sales, you’re spending your time servicing the marginal.

Just make sure to keep an eye on those rehab costs to ensure you’re leaving enough margin for your cash-out.Alternative Financing: Getting into a larger commercial property can be tricky, but sometimes partnering with investors or syndicating deals can help ease the capital burden.

I dont want to cash-out refinance because my margins are very thin already and refinancing to a higher rate will only increase my monthly payments and negatively affect cashflow.

As others have said, there’s plenty of way to make up this marginal cost that saves your guests the embarrassment of asking upstairs to toss down a half used roll or make an unexpected run the gas station with a dirty bum

Stress will ramp up into end of year and really be hitting it in 2021 as banks start ramping up forclosures and news starts circulating of folks loosing their homes making marginal owners nervous.