The ones we buy are soft close drawers, and look really nice once built.  

@Colin C leamy When buying with a conventional loan (turnkey or not) don't forget to include in the cash needed two items in addition to the down payment:closing costsreserves(held by you) for soft costs - maintenance, vacancy, turnover. 

There was an old post on BP,  but I believe is inaccurate as it describes soft cost development on land,  but my understanding is that you would actually own a share of the land,  and partner with the biggest and best developers in the country to build mid to high rise buildings.  

We have about 60 active buyers and not one has thrown in the towel as far as we know.

@Bhairavi PatelThat shouldn't effect her credit as it will be a soft inquiry.

@Vince PonathHard to say Vince but I'd very aggressively develop your soft skills and make sure you get exposure / experience related to this gap you've identified.I also don't often see the best fit for a first purchase as being something that requires a lot of time/work. 

The owner is going to submit a letter of authorization to Wells Fargo which is 1st position soon.After that is where I'm not clear on what to do?

With the gov't sequester and new base housing the Lawton rental market has really gone soft.

Since it looks like a slightly older property, I'd include a contingency factor for any hidden issues that you can't see until the rehab starts.Don't forget to include your holding and other soft costs - HML payment on this project would probably be over $2k/mo for example - how long would the rehab take?

Your right on, gotta keep going can't throw in the towel.