I would definitely say I like to take calculated risks and that would be my best bet to take a calculated risk.

I’m estimating 220k sale price per unit, but if we wait until the rest of the development is built up then could be more like 250-300 per unit.It’s speculative, But I love what I believe the development will be eventually with a mix of old and new homes, a state park, and the water.I just can’t decide how much risk to take.

we all don't have crystal balls into the future.. but I think the only risk in this is sub prime is sub prime and that always carries risk.. 

You don’t want that risk. 

This is a very old trick that high risk applicants will use to fake out hobby landlords.

The amount of my deposit is determined by the level of risk.

@John Warren my only concern is I have to put them in my personal name and risk personal liability 

If it is a cold roof, and you add into the corner, you run the risk of have the new roof not properly vented, as wells as compromising the existing roof's venting. 

I wouldn't take on the construction risk if there was no profit to be gained.

I always counter their offer with a contract that is not assignable and seriously puts their deposit at risk.