We are located in Ohio for reference.

Hi Jacob,For funding I’m referring to the government grant, private capital and bank. 

I know the easy answer is to wait until 'cleared to close' but I am just wondering for future reference.

(this is usually just referred to as the Note).

Please feel free to refer your favorite CPA or Bookkeeper!

We listen and study a lot but are scared of the Shiny object syndrome that David and Brandon often reference.

I have referred back to it several times as I enter the multifamily arena and syndication investing. 

But some info that would be of value in your decision would be: Do the tenants have enough income to cover the rent (i.e. 30-40% of their income), Are their rental references verifiable and positive, are they able to get a co-signer?

I'd be more than happy to give you a couple references as well. 

As an engineer, the items I've listed are typically what I refer to as development costs prior to building.