The recording of the note assignment establishes the record of ownership, but it's really your operating agreement that binds the partners to performing from a financial perspective on the note after it has been purchased with regard to paying for expenses like professional services and such. 

Their value is shifting to where it started, local, legal, and financial advisement.

That will help put it in perspective.

Also, originally I was thinking of a smaller home but now I am shifting to a larger home to fit bigger or multiple families and/or friends.

I just started engaging in the community a month ago (after gourging information for about a year) and it has DRASTICALLY changed my perspective about real estate, making me much better at understanding 1) what I want out of R.E. and 2) how to get to my end goal.

It's been hilariously disappointing watching the news coverage of Ebola shift since the Dallas man was discovered.

I'm working on some calculations for current and projected (next year) DTI ratio to see where I need to be for financing. I'm self-employed (for 2+ years) and as I understand it a lender will use the 2 most recent tax...

Thanks for the perspective.

From a rental perspective, these projects are about as ideal as they get, and I'm in a unique position of getting early dibs since I have insider connections, so I'll just be looking for funding.

From a financing perspective I'm guessing no lender would loan the builder money without him holding the note.