And how would DTI ratio have to be set at with seller financing if that were the case?

Using good project management, you can manage the cost of the project as you go by adjusting the scope of work, negotiating better deals, or extending the time frame.

set up payments in escrow to him) in 2nd position behind the first to pay him over time leaving the underlying note in place with better terms? 

In fact, Chicago’s active inventory just set a new 7-year low!

New York City is still a supply constrained market with ever increasing demand and that isn't set to change.

As is normally the case, the construction period rate is adjustable and tied to the fed rate with a lower rate once the loan resets as a permanent loan.

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Illyas,You should reach out to @Lucia Rushton she is a Great agent in DFW and can set you up with some 2-4 unit options.

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsGood luck on everything!

I am not sure if you are an American Football fan, but the term that comes to mind is when the punter kicks the ball "too well" and allows the return team time to set up a solid return.