It almost makes me want to deal with the tenants myself but I don't know if that would be the most productive move either.

Is there a lot of distressed product on the market?

Extended lock options vary and are designed to add value to both the buyer and the builder since it gives the buyer insurance against future interest rate risk and the builder receives protection on their accounts receivable/inventory.If you're obtaining your own construction loan and take out/perm financing in one package, local/community banks may be a better option for owner occupied construction or spec build financing products.

The sponsor there has been very good at updating us on the progress and just this past week sent pictures of the finished product that is now on the market.

Their product is money.

I know that results will be the bi-product of the work/dedication/education I put in on a daily basis.

The US Dollar is backed by the productive capacity of the US economy which is quite formidable producing roughly 20% of global output...

And selling the flipped product can be a real problem, one that may not resolve itself within your Summer timeframe.

I am very confident in the product we offer so as long as it meets their financial goals I have no question we could make something happen.

The lower end of the product, the lower the occupancy cost.In finding a tenant, I had to spend a lot of time learning about their business to know whether they could afford the real estate.