From my experience sometimes the best rates and terms come at the expense of harder underwriting, longer wait times, and sometimes a waste of time (because they can't perform). 

As for properly collateralized performing notes in Vegas I think those are quite safe.

Asking Invest 5S for historical performance data on similar projects.3.

But I do have the knowledge, and the tools to perform those tasks.

We have found that setting our expectations about what we want is helpful (financial performance, level of renovation we can handle, forced equity opportunities, number of bedrooms, etc) and then waiting for a deal to materialize. 

There are three safe harbors that businesses may use to meet the test.Half of the amount the business spent on services were for services performed in a QOZ.Necessary business functions and necessary tangible property was located in a QOZ.Half of the hours of service received by the business were performed in a QOZ.A business does not need to meet all three safe harbors to qualify.

Or that the remodel wasn't performed by a licensed professional. 

It creates over-leverage and the performance of one property is dependent on the other.

So you’d be ok coming out of pocket another $130k and paying $780k for this property if the builders fail to perform?

To assist us, we refined our pitch deck and performed some scenario analysis with our financial models.