I'm doing all our projects in Columbus Ohio but just relocated to miami. we do multifamily and mixed use development and entitlements I'll shoot you a PM. even people in miami that I meet the numbers are tough unless you do a high density proposal and are very well capitalized. 

But if you have one person who wants high end and new all the time and another who is fine with status quo, it is going to lead to problems.

And Yes, the seller has the same powers as the bank (to foreclose) on the buyer if they miss their payments... again all this is standard stuff that's written into the purchase sale agreement & promissory note with the seller. 

I think Dave Ramsey(who I respect but don't worship, lol) would be highly disappointed in me for even thinking about doing this, SMH.

High yield savings, pay off debt, 401K, etc.?

I think first off what kind of money is involved here..  1 acre prime commercial worth 500k or 1 acre of high AZ desert worth 10k..

Even in a perfect market with low interest rates and high resale numbers, and the perfect Contractors and Property Managers.....

Many camps will counter to power of leverage and they are right, if used properly and under the right market conditions it is a powerful tool.

Here’s a quick break down.I can’t get approved for a loan because my DTI is about 5% too high with the property.

This includes the distributions and the sale of the property.