You may need 75-80 percent occupancy though.  

Here are some code excerpts:31-17-1 (M) "Primary mortgage loan" means any loan primarily for personal, family or household use that is secured by a mortgage, deed of trust or other equivalent consensual security interest on a dwelling as defined in Section 103(w) of the Truth in Lending Act or residential real estate upon which is constructed or intended to be constructed a dwelling;31-17-8(M)(4)(4) Require the borrower to pay, in addition to any periodic interest, combined fees, compensation or points of any kind to the lender and broker to arrange, originate, evaluate, maintain or service a loan secured by any encumbrance on residential property that exceed, in the aggregate, six percent of the loan amount financed, including any yield spread premium paid by the lender to the broker: Provided, That reasonable closing costs, as defined in section one hundred two, article one, chapter forty-six-a of this code, payable to unrelated third parties may not be included within this limitation: Provided, however, That no yield spread premium is permitted for any loan for which the annual percentage rate exceeds eighteen percent per year on the unpaid balance of the amount financed: Provided further, That if no yield spread premium is charged, the aggregate of fees, compensation or points can be no greater than five percent of the loan amount financed.

Zillow also projects that between 2019 and 2028 there will be 7.4 percent more people turning age 34, the median age for a first-time home buyer, than in the previous ten year period.

(I.e. if I was able to find $50,000 of capital via friends and family, can I charge a percent of that as a sort of finder’s fee?)

We are going to use a FHA loan with 3.5 percent down.

Hypothetically, say the equity in 2017 it was in at a million and you were expecting 8 percent, so 80K.But a few years later benchmark in your area and asset class is now more of a 7 cap and with no other big changes, you estimate your equity is worth 1.25 million, also for about a result of about 80K.Now same question but fast forward year after year.

There are free-hold properties where foreign investors own the property for a lifetime.

Great advice....although I am going to work very hard to be in the 13% percent but that is a good point

Water has been, is and will continue to be a major issue and challenge to be met here in Colorado and the Western States for the rest of our lifetimes.

This form of selling is below market price (usually about 20-25%) and helps developer meet Fannie Mae guidelines; where at least 51 percent sold, among other requirements, allay bank lending fears to other buyers.