If they are purely debt partners and not equity partners, I would have 4 seperate notes (4 seperate mortgages in place), I use a 3rd party trust or escrow agent to hold funds(cheap) and call me crazy but for the security to the investor above and beyond being the note and to ligitimize the transaction, I personally guarantee to my debt partners.

I agree that 50 miles can make huge difference but that is also why I said to include the city you're in =)The cost is purely construction that does not include, inspection, holding cost, and land acquisition cost.Some people include permits and demolition in it, but I think that can be left up to the responders!

This isn't pure speculation or supposition on my part; it is confirmed with literally hundreds of conversations over 3+ years in the equity crowdfunding industry as a sponsor, co-investor, site operator, technology owner, and enthusiast.  

We currently live north of Boston and this would be purely investment/rental cash flow  property.

I just closed on my first, purely investment buy & hold property in Fayetteville.

Its pure garbage.

The best way to approach this is from purely a business and service standpoint; I'll say it again from a service standpoint - Owners will want to approach it as a 'partnership' whereas if they have issues, then you have issues and you share the responsibility of their dilapidated property or their ill performed decisions with them BUT at the same time some will want to nickel and dime you at every turn, in an industry that operates on nickels and dimes.... so my advice is for you to approach it from purely a service standpoint, no different than that from a landscaper, or plumber, etc.

From a purely technology price point,  given that the homes can achieve a net-zero or net-positive it does work.

Both said to call them “cash” and include a “gift” letter in addition to the funder’s POF, explaining the situation, i.e. that the funding wasn’t conditional on typical underwriting and the buyer and lender had a track record of performing.While an offer like this isn’t as strong as a pure cash offer where the buyer has the cash in their account, it can be a lot closer to cash than to financing.

Just sat down at "pure" in fountain square.