@Elliot Angus To structure this deal, consult a Qualified Intermediary (QI) for 1031 compliance, a real estate attorney for seller-finance terms, and a CPA to ensure tax deferral.

- For those who build in phases, how do you structure budgets and plan cash flow to cover extended construction timelines?

If it's not, then the property may be completely obsolete as an 8 bedroom structure. 

A deal that produced a 25% net IRR to investors with a 1% acquisition fee, 1% asset management fee, simply pref + single tier waterfall, etc, may only produce a 15% net IRR under the current fee and carry structure, if their acq fee went to 3%, pref went down, they now have a GP catchup and multi-tier waterfall giving them higher splits for higher returns, etc.

Hello,We are being approached to GC/partner on a spec home with whom the client owns the lot and will be securing the construction financing himself in order to do the deal. We will be drafting up a contract for the l...

We are offering a 2% bonus on top of the existing pay structure or terms, which means that instead of 12% or 15% per year paid monthly, it will be 14% or 17% interest paid monthly on those promissory notes,” ( Link ).Translation?

Also, you may want to look into a two family home and rent out part of the space of your new home under the FHA loan structure too. 

I'm also in Buffalo and have a couple properties that used to have additional structures on them.

Look for properties on main corridors or sites with existing structures (e.g., small houses or retail buildings) that can be torn down and redeveloped.Challenges in South Florida: Be mindful of market conditions and local regulations.

Running numbers on a spreadsheet and in a BP calculator every day for ten properties when you have never seen one in real life or smelled mold or been to a hoarder's house or seen a structural issue is just procrastinating.