I think this is way too cut and dry.

You can do it for a while, but unless you can get to dry land where you can put them down, they will drag you under water.

Will a land contract trigger the due on sale clause if it is found out about?

Another major issue with developers not pulling the trigger is that there is no financing available for them to take the project vertical as construction financing is near impossible to find these days!

Having a cash flow negative property is a legitimate way to have some forced savings.It doesn't take long, though, to see a new post saying "I have these rentals that are sucking my dry and I'm going to let them go into foreclosure".

The REO market in North Denver has all but dried up.

:cry: This leaves me a bit "high and dry", but I'm also disappointed for him that he's done so much work, thus far for no return.

When th carpets were pulled up to try to dry everything it revealed mold is this dangerous?

This way when you do decide to pull the trigger, then you'll buy the right deal for you.

But doing so you may trigger a clause about breaking the contract.