The foundation was already approved, permitted and finaled years ago for a 3400 sf house, and its solid and I won't be building directly on the overhang edge; but rather back away from the edge a few feet to prevent any load issues all the weight will be on the longer sides of the existing footing.

Originally posted by @Mike Cumbie:Question 1 is do they have an existing lease?

We have bought loans like this from existing lender as well as refinanced borrowers into a new IO loan. 

In 2023 I bought one house, invested in one syndication, and focused on fixing up existing properties. 

Here's one of mine:I acquired a building towards the middle of the year with an existing commercial tenant.

You have two options: attempt to gather these resources or collaborate with an existing team.

Usually you're going to have to invest some front-end money to survey it out and work with an engineer to figure out what's possible (generally the more lots the better) based on your existing access to infrastructure, the desirability of the area, zoning rules, etc. 

I actually like Spam though.Health care is both very inexpensive and for higher end issues, non-existent. 

Deals like this do exist out there.In a previous post, I put a graphic of my returns, and you accused me of using data for single family returns.

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.