Sounds like you're likely going to be selling.Good lesson at least. 

Keep in mind, though, that each lender has their own criteria for how much future potential they’ll factor in, so it might come down to some skillful negotiation and presenting detailed projections that don’t feel like puffery.Just be careful not to come off as overly speculative…lenders tendd to shy away from what sounds too good to be true.Anyway, I’m curious.. have you spotted any other investors in Gainesville facing a similar refinance puzzle and what kind of terms were they able to secure? 

Sounds like you are juggling a lot of balls in the air!

But, it does not sound like that is one of those situations. 

It sounds great on paper but I'll have more insight after it goes live and I see how it works.

So a question, haha, and forgive me if this sounds incredibly naive - how about getting a property manager or someone else with boots on the ground to do the underwriting by visiting in person etc.

The carpet remnants dampened the sound a lot. 

Sounds like a box of unexpected surprises, I'd pass.

As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.

My recommendation is get a self directed IRA and have the real estate be owned by your IRAThis is not sound advice.