Well typically they dont foreclose them they just wait for a sale and collect the cash. 

Where is the Big Springs, and what days do you typically host?

The situations where land and/or vacant buildings were owned prior to 2018 are usually the most complicated and typically involve the a little more tax risk application of the OZ rules.

Over the last 17 yrs, most of my advertising and loan closings have been in PBC, Broward and Dade.With that said, 90% of Mortgage Brokers, including my friends who are Mortgage Brokers, with the except of a few, are just as lost in space as a typical Bank of America loan officer and realtor.

I typically use $30/sq.ft to estimate fix up costs.

And typically lenders like working with 1031 investors because of the static nature of their exchange proceeds.  

You may have to pay an equity partner a higher yield and/or share ownership, which is not typically the case with bank regular bank mortgages, HELs/HELOCs or hard-money loans, so there's a second disadvantage.   

In general, rate pricing on IHDA is more competitive, typically by .25% to .50%. 

To bring the building to rent ready at your standard, you need to spend a lot of money. typically you will be spending around 10k per door to get a reasonable standard including HVAC etc. 

Typically the leases are worded as "Starting on____and ending on ____ with M2M option after end of lease term"Let me know your thoughts or if I'm being too confusing with what I need to accomplish!