The developer isn't a bank and the odds that such a guarantee can be honored are doubtful at best.

I have a neighbor with an odd sized little piece of property that would work for me to build a shop for woodworking and general storage.

Learn as much as possible so when you engage you understand the basics tennants of a flip.

My attorney wrote: it is my understanding that the lender was going to require seller to secure their interest with a second position mortgage.

Definitely something to consider when looking in addition to understanding if it is warrantable or non-warrantable and limitations as such. 

So that's more like 7-12 yrs.Just trying to understand your numbers so I can also use it to adjust mine accordingly. 

Do one or two then worry about setting up" your team.I HOPE you understand what I am saying. 

Its a very strange situation, I see lake fronts charging 400-500 in the summer which is understandable so I as well as the others in the area without it charge $190-250.Now like I said many of the one bedrooms in the area are not up to the standard that mine is and have bad occupancy at $140 a night in the slow season but I did find a property which is farther off the water and a few neighborhoods over that charged $275 a night and is pretty packed but no better than the $140 ones. 

Everyone left standing understand this is a long term investment which pay dividends in reasonable cash flow and appreciation.  

@Ti'Keya WilliamsFrom my understanding basically fractional investing in an asset which is different from a.