Those sell but builders generally have to give some pretty aggressive rate buy downs to help those qualify move up luxury is still moving without having to give big concessions.

We scraped the old house and we build new home, where the houses are selling close to the $1.8M What was the outcome?

One was purchased a  few years ago by an out-of-state owner who has decided to sell and has doubled in value.

This is a penalty window where selling or refinancing out of the loan would cost you 1,2,3,4, or 5% of the amount you owe on the property as a penalty fee.

Operating in the Luxury SpaceWe focus on properties in the $1.4 million to $1.9 million purchase price range, which allows us to sell finished projects in the $2.5 million to $3 million range.

Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

I would definitely sell to an owner occupied resident since that is what the park is telling you.

Anyone want to sell me their contract from this course?

I bring sales experience from selling RVs and have always been interested in real estate investing as a way to generate income and eventually achieve time and financial freedom. 

@Zachariah Prevost You stated that when a bank goes to sell the home loan to Fannie/Freddie or any other willing buyer for that matter, that they are stripping away the Mortgage/DOT from the note.