That building is now off the table. 

I have signed up for about a half dozen wholesaler email lists, many of which have tables set up at our meetings to advertise the latest deals.As I understand, many of the wholesalers formed a co-op of sorts and allow each other to market each others properties.

( $40MM [sales volume] x 1.5% [your commission] = $600k x 90% [your split with broker] = $540k [gross commission] - $40k [marketing & expenses] = $500k [total compensation for 80 list side sales] )You'd definitely be leaving a boatload of cash on the table going down to 5% or 4.5% and paying the buyer's agent 3% but I'd also look at it from a standpoint of building a great relationship with a developer, getting your own brand out there for future business and building a name for yourself, and generating referrals from the relationships you'll make via this particular venture.

I have rented to attorneys and they generally try to do things right knowing their reputation is on the line and they don't want to be on that side of the table befor a judge (he will be held to a higher standard).  

Be polite and ask them how they would resolve the issue in order to get to the closing table.  

Here is my cheat sheet hope it helps:  1)Go to Philly Code and look up the rulesa.http://www.amlegal.com/library/pa/philadelphia.shtmlb.View codec.Click Mored.Expand title 14 (Zoning) e.Expand Use Regulationsf.Expand Use Tablesg.Click Residential h.Go down to Tables and find yoursi.Then read applicable notes2)See if an Overlay appliesa.http://www.phila.gov/Map?

If they include the points in the loan they will probably make your bring some money to the closing table on top of the closing costs.  

Either way, I figure 2,400 acres could get you a sizable amount of equity to bring to the table.

Be sure to check out the beaches and mountains if you want to get away.

To make a long story short I'm in this situation because my house for sale literally fell apart at the closing table because the buyer was denied funding at closing.I'm now faced with finding my own funding for the new house while i wait for my old house to sell. i don't know if private funding is the best option??