Not saying they don't exist.

Tax Court or are they applying existing memorandum on what the current law is in the U.S.

And are you dead set on having raw or scraped land to build your own home, or are you possibly looking at renovations/updates to an existing structure?

We were hoping to salvage existing tubs, but once we cleaned them up we realized that the grime was hiding some cracks and chips in the fiberglass.

Oops I mean @Josef Peek You  can saturate you brain with RE knowledge here.

Probably based on the owner's existing relationships. 

One end of each bedroom was stripped to the studs for the installation of 3x8 closets that didn't previously exist.

They may need to wait a year or two and show proof the payments are getting made.Realize this does violate the due on sale on the existing loan.  

A dollar amount and the phrase "for good and valuable consideration" may or may sufficient in a transfer of title and may not be the same as described or required in a purchase contract that conveys an equitable interest.Mixing these two concepts is incorrect.When a purchase contract is made, legal title remains with the seller, but equitable title is given to a buyer, full title is in  state of limbo until settlement.Equitable title must be financially measurable, if it is not measurable or cannot be established and is an amount customarily accepted, equitable title may be limited or may not exist.

The credit line has about ten months before interest is charged and thus allows time for investors to pay into an already existing investment.Should I meet with a lawyer and draw up terms of agreement for them to sign?