Sounds like a sucker.There's no seasoning period for selling a note.

Even in the off-season, there's enough demand driven by the massive military presence and industry in the area. 

(Assume a $10M project w/ $3M needed in Cash)2: We buy the property, get entitlements (season) and contribute the developer fee.

Makes tax season simple for me. 

The reason for not doing the refinance immediately after the seasoning period, was due to refinancing and purchasing multiple properties all on the same date (1/4/2021).

You are coming into the good season and I don't see any good reason to keep on with what will eventually be an eviction situation. 

We were able to negotiate some discounts for some damage to the siding they were not aware of and also underground storage tank decommissioning which had not been accounted for in their initial walk through.

They are also offering 80% LTV, and there is no seasoning period (all the other banks and credit unions will only give around 70% of purchase price unless owned for 2 years).

I have done apartments and self storage, so this is a little outside my core competencies, but if the price is right, I’d like to investigate it more.Thank you in advance!

Remember, we just started Hurricane Season and the new Administration is crazy on raising Taxes etc.