But also with low debt or free and clear property that they can easily access any time in the future with a cash out refinance.

I am summarizing all of this and may be missing details.Extreme cost cutting mode is what Jorge opened up with.

We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.

Would you own it free and clear?

The soil composition had to be tested and cleared before development could begin.

Account Closed and to be clear, the people on this thread found GEG on their own, not through us. 

Have a clear understanding of your expected cash flow, ROI, and exit strategy.

Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

Hope that clears it up!

I had a heart-to-heart with the contractor and made it clear what our expectations were and no more money (he was asking for a second payment of a three payment contract) would come his way.