We have no way to contact the seller directly to verify all the information.

He's put together what he needs for the initial costs (architect, zoning, etc.) but is having a terrible time getting what he needs for the actual development.Where does one go for this type of financing?

Someone needs to verify the following...this is equivalent to an investment that returns an approximate yield of 12%.

All adults should be on the lease, with signatures (or initials) on every page, including separate house rules or other addenda.

So in a proposal to me they state the profits can be re-invested (or used to repay the investors, or to reinvest somewhere else at the GM's whim, is it reasonable to assume I could even pay more tax than my initial investment?

You can go to the county courthouse to verify title (that the seller is in deed the owner who is the ONLY person who can sell to you) and that there are no liens on the property other than his mortgage.

On the same floor with Kaller.Trust but verify :)

I have the initial selling price and the ARV selling price.

I was planning on contacting some of the owners in order to see if they are looking to sell or work out some sort of deal.Unfortunately for me this is coming at one of the worst times as I am about to have the majority of my liquid assets tied up in a purchase that is in the process to close….taking forever going on 4 months since the initial offer.Besides the aforementioned research I have approached my banks to see if I may be able to apply for a general pre-approval for a maximum amount so that if I was to jump on a deal I could get the financing hammered out in the time before final payment is due (waiting for a call back).

Up until now I've been printing the entire addendum, signing & initialing and then scanning the entire thing back into the computer to send back to the bank.I would gladly use a product like Cute PDF if I could scan and insert a single signature page, but the addendums I've seen also require you to initial every page and sign in multiple places, so that won't work.I was looking into the option of a digital signature and digital initials, but according to this article many banks won't accept those.