Hi Jason, I have not personally used them before but would be happy to go over your project in more detail to see what exactly you are looking for.

It's important to me to find the right person who is willing to work hands-on and side-by-side with me on a project.

I am personally not attached to things so I would sell everything vs paying for storage or risking renting to a less-than-ideal tenant. 

Is it because you have personal relationships with them? 

What matters is that you are the host not another person or company.

It is a conventional loan product so must qualify for that.It always you to finance up to 97% of the land and the construction loan with "one closing". 

Is there a loan on the property in both persons names?

Practical strategies, in this case, can assume a starting point for a person with "x amount" to invest and is ready to start today.

@Prashanth Mahakali has done about 100+ new builds here in Chicago and would be a great person to connect. 

I looks like the former, based on the following definition --"The term placed in service means the time that property is first placed by the taxpayer in a condition or state of readiness and availability for a specifically assigned function, whether for use in a trade or business, for the production of income, in a tax-exempt activity, or in a personal activity."