Real estate investing is another type of business.Rates are what they are and will change. 

What made you interested in investing in this type of deal?

@Bob Floss II has a great video about this on his youtube channel, not sure if I can link it here but if you type in "illinois wholesaling floss" it will come right up.I hope this is helpful!

If you have an appetite for 30 year type loans and willing to accept rates at 7% currently.

@JP LeonardAs you mention you cannot subdivide the lot but as a partition agreeement I think that would cause serious heart ache for you to sell later and for whoever owns the back half as well later on.Recognize also whether a bank would also lend against this type of deal.

The IRS doesn't have a lot of hard rules about the type of loans (or source of loans) with a 1031 exchange. 

What made you interested in investing in this type of deal?

This method has gained popularity among developers looking to build affordable housing quickly and sustainably.Additionally, developers have diversified their portfolios by introducing new product types such as townhomes, duplexes, and triplexes.

@Neal PatelCurious as to type of club.

I am the creative type :)Okay, I figured we couldnt double dip but just wanted to make sure I wasn't missing something.