**Conclusion:**Pre-construction condos offer exciting opportunities but come with inherent risks.

Thanks @Jay Hurst I looked into them and they appear to not offer services in Kansas, which is where we are needing support.

If you are offering some on site services you will need to be located physically where you are managing, as we are. 

I actually offered $174k and rolled my closing cost into the loan.

Meanwhile, anything the resembles a good starter home in Milwaukee between 200k and 450k will sell in 2 days with 5 to 15 offers (most of them over list price).

Offer them 24 hours notice for all showings, shorter if they are OK with it.

Out of curiosity, are you only investing in 506(b) and Reg A offerings?

That can lead to odd quirks, sometimes good deals, and sometimes long and arduous processes, it just all depends.I will share a story - one Credit Union was offering such attractive HELOC terms that Auto Dealerships caught on to it.

Thanks for the offer to connect.

You have no skin in the game and you are offering the private lender 30% or 70% of the profits?