It is advisable to do your due diligence and ask about such things as how long have they been in business, are alternative assets their sole focus, are they BBB accredited and rated, are they a regulated financial institution, have they ever been sanctioned by any regulatory bodies, how many accounts and how much in assets do they administer?

Also, we talked about "shopping an offer".  

No body can eventually force you to buy something you dont want.

They explain how they have been having water issues in the basement and no body wants to fix it.

Can you shop around for rates a few miles outside of your immediate area of the property?

At minimum it will become an added storage area for him and worst case the garage will turn into a body shop where he is repairing his bike and his buddies bikes.If he didn't rent the apartment under the pre-tense of being able to use the garage I wouldn't let him. 

You could have a resort or vacation homes, coffee shop, etc in an area within a mile to the lake.

I slipped up trusted the wrong guy to much he had worked for me over a year, and he ended up falling off the wagon, was taking new tools back to the store for store credit and other fun stuff to pawn shop for cash.. when confronted he admitted it and I reported it to the police.

@Steve Masica,Ok thanks, that's my plan to get the approvals done and then shop it to tract builders.

These quotes came from multiple GCs and 'one-stop shop' firms.