Since i had capital and had access to my commercial banks for the best rates possible on vertical and horizontal loans..

This is literally the entire reason these companies exists - to get this stuff right.As for why, I have no idea why there has been an uptick.

It is possible to develop the deal and not build anything at all.

I calculate the returns on the entire investment, since your debt applies to the entire investment.

I shook my head the entire call until it concluded.My experience was just bad.

You want the price that works for you in the best appreciation potential area possible.

I would get with the city asap and find out all the details on this.It could be possible that if the LLC changes hands that it loses it's exemption.

Is it worth doing any work to it as an "owner", possibly me going the property management way, or just stepping away from it entirely until the deed transfer?

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

You may also want to get the fastest internet possible and to set up individual networks by the room.4.