Quote from @Jin Zhang: You initiate the process by filing a 3-day Notice.

.)- All in Cost = Cost to build * Square foot  - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost   accounts for agent fees and closing cost- Initial List Price = Sales price + 10%      A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.

So the lower the interest rate on the subject to loan, and the higher the prevailing rate, the more chance that a lender will initiate action.   

Hi @Briley Roe,Is this the loan estimate or initial closing disclosure? 

By the way if I see the same proposition that was previously on the ballot and got struck down, I automatically vote against it on principle regardless of how I voted for it when it was initially on the ballot.  

It seems to me that any addendum signed later after the initial lease may create a messy situation. 

Initially with the 3 rents it looks like it would be a go for me.

The initial numbers seem good to me.

We have several 8 year properties that the tenants have paid 100% of the initial purchase price of the property.

We did get much lower costs when we changed to minisplits but the initial cost is high.