I highly suspect you can find many RE based investments that would project better return than these options at these construction costs.  

I think you will find you can't do much, especially when you have to co-ordinate with the general contractor doing the stuff you you know you can't do.Don't forget -- who draws up the plans?

There is no interest rate, its a flat fee based on the amount borrowed.

I can’t speak for them or that area but I have had a few investors that wanted to be on the coast-pacific beach to ocean shores) and from what I’ve seen and researched there wasn’t amazing results based on COC numbers.

Also consider selling and reinvesting in other assets based on market conditions and your goals.

I was thinking of having a lawyer draw up new articles for it and using it as a property management LLC to manage the 4 plex, my single family, and future homes.

How would you explain these buyers terms to the seller. ok. 30 year amortization means the monthly payments are based on a 30 year loan, but at year 20 whatever the balance is they pay it off then (balloon payment)Personally I would NOT accept any of these offers.

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You always need to run your own numbers based on what your goals are, and anticipated holding period. 

Or, in our situation now, to refinance a property with a mortgage/loan.It is most likely all about track records based on different characteristics.