I'm not an attorney,  but I believe you need to take out permits prior to doing the work.

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

When you see red flags, adhere to them even if the prior relationship has been good.

I am starting to realize there has been a significant amount of consolidation in the space by private equity and other institutional investors. 3) From research it also seems like getting financing can be difficult without prior experience in the space.

Invest in comfortable furnishings and amenities, and add small extras that can make a big difference—like coffee pods or local snacks.

I attended a REI conference back in October 2024 prior to knowing anything about Bigger Pockets or investing in general, and it gave me the motivation to seek out information and shoot for my first couple of deals in 2025.

All other parties were used from a prior project.

Prior to my clients' closings (rental properties in 2 states) in the last 6 months, I worked with IPX to prepare for DST investments.

if i were to acquire these and have them be owner financed, I would want clear title and the other mortgage on this lot removed - especially if my loan has a balloon on it that matures prior to the existing loan, as how would to provide clear title?

@Chris HainsI use the House Flipping Spreadsheet (https://www.houseflippingspreadsheet.com/) to do the planning, analysis and estimating prior to purchase.