Now you have enough to pique your interest further, but it still gives me the hee-bee-jeebies.Next step is to ask to see the offering documents regarding the syndication.

Why move the house . just cut a section off .

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

You will see the best of folks, you will see the worst of others. 

@Ibn Abney @Ian KibbeDid your projects ever take off?

What we found was only one other person contracted under $200 per square foot for clients and they also built within the city of columbus. the numbers have a much higher premium the closer you get to downtown. if you can't get the numbers to work my recommendation would be to get closer to downtown. we do build to rent development and single family home development and every line item is broken out. on the triples we have to build exterior staircases etc there are some things you can't really understand unless you build a lot. hope that helps but no one is going to build you for 110 a square foot. the lowest cost homes in our market at cost without a profit barely dip into 140 a square and we are in one of the cheapest construction markets and states in the country. 

Renovated the inside of the house.

I started off doing long distance BRRRRs until the rates went up.

It sounds like you are just having trouble pulling the trigger. 

I agree with @Peter H Derry, the neck area will boom over the next 5-10 years.