The fixed period has a prepayment penalty that is typically the length of the fixed period. 

They provide a "loan" to fund the deal, receive a % interest for the length of the loan term, and you return all of their capital at the end of the loan term.

Jonathan,I would suggest focusing on existing retail or multifamily where there is existing cash flow but a value add play versus new construction because of the length of time you are getting investors their returns. 

@Devin BostTypically a hotel is defined as the length of stay is 30 days or less.  

You build it by responsibly managing the plastic cards, mortgages, and making payments on time while increasing the length of credit history.

Is this non-arms length? 

I would definitely see who you should pay off based on length of time, type and size of judgement. 

@Mitchell JohnsonI merely write a 1 page addendum with the new lease length and rate.

The easiest way (IMO) To find them off market is to get propstream, filter to MFH, then add them to your list and skip trace them, I'd put length of ownership >4 years. 

All you need is the length, width, eave height, pitch.