Typically I believe their return requirement is 6% but check the rent regulation statute of Bloomfield.

I'm sure you can find the local zoning regulations online to see exactly what the restrictions for that zoning classification are.

ok but I heard you can get fined for putting up signs who do I contact to check on the regulations

I've used letters of intent to purchase with a copy to the regional regulator simply drawing attention to the fact that the lender needs to sell the note rather than destroy the credit of the borrower.

From lot costs you'll know the price range of homes that can be supported or needed as lots are about 25-30% of the total home cost.Your local regulations will dictate the options, here in order to have a septic you need 3 acres, that means two homes with 6 acres.

@Steve Morris Lead paint and its subsequent regulation by the EPA is no joke.

The EB-5 visa has started to come under the surveillance of the SEC in the last year because they have deemed it as a way of selling securities along with selling visa.So besides a good immigration attorney, I would strongly strongly recommend a good attorney to ensure that you comply to SEC regulations and Exemption S for foreign investors if necessary.

It sounds like this property was also going to be a buy and hold, but now you are questioning that intent.The Treasury Regulations require that you have the "intent to hold" for rental, investment or use in a business.

In my experience all lenders/government lien holders refuse to speak with anyone other than the owner or a POA holder as they have alot of privacy laws that regulate what they can and cannot discuss.

If they could get a loan commitment you might have luck finding an attorney, seeing a commitment might ease their concerns and they can originate under certain conditions, they may be able to justify the client relationship, do a simple estate plan and incorporate the property into the plan.Are you sure your deal is applicable to the regulation?