My understanding is that some servicers have different levels of service (i.e. different pricing depending on what you have them do; just doing the billing, tracking the balance, etc vs actually reaching out to borrowers).

The team has a solid track record of closing which is very meaningful in this industry.  

I am yet to get out and drive through neighborhoods but have recently made an effort to be prepared to track this information.

then when I get a pre sale I can do another start.go shopping for the construction loan first.. unless you have a pretty good track record and financial situation construction loans can be next to impossible to land.And any real estate attorney can wip this up for you for a few grand.... in my HML days I loved participation notes with my small builders.. worked great for me as a lender

What type of RE are you going into, what types of loans are you looking for, do you have a track record, etc. even if all those have unknown answers as of right now and you've never done a deal, if you do your research and start learning the market and strategies you will be able to find good deals and someone who will lend money for it.

Just a few points for you to consider to hopefully get you on the right track: * Option to Buy and Lease are separate documents with separate purposes.* Tenants pay a NON-Refundable Option Consideration Fee in order to receive that option.

Like I said...I know it's WAY more complicated than this, but I wanted a general idea if I was on the right track.

I would imagine that the details of how builders structure partnerships vary based on the specific nature of the deal and the parties involved (how extensive is each person's track record, how much money will the investor be expected to invest, how much money are you willing and able to invest to show "skin in the game", etc.). 

I would try working in tandem with an RE expert and contractor and have them connect at benchmarks of the process to make sure the additions are on track to yield your top dollar.

Just a few points for you to consider to hopefully get you on the right track: * Option to Buy and Lease are separate documents with separate purposes.* Tenants pay a NON-Refundable Option Consideration Fee in order to receive that option.