Therefore, the full gross value of the money in the future does not have he same present value.

When assessing a property for a HELOC the banks will not likely attribute full market value to the property and will only allow up to probably 80% of their assessed value as a HELOC.

I also do not have a full time job.

You won't find one realtor that specializes in the full range (although they may say they do).

The offer is $1M higher than the capital account we would get with the developer, although once up and full we would be in a better position than selling in our equity and annual income. 

Mike Morgan at UFCU has been awesome for me for cash-out refinances- not limited to 6 like other banks, rates are decent to good, and their appraisers are not afraid to appraise for full value, so you get a true 75% LTV.

I am considering a electric cooktop vs a standard full stove with oven.  

When I found that out, I knew that whatever greater force is out there, was giving me this money in some way to help me become who I really am and succeed into my full potential.

Would your co-worker be happy with the idea of you (immediately) wholesaling the property for a profit, when he could just have it listed for full market value in the first place?

So I guess everything I do is technically part time because some days i'm working on a rehab project, the next day I'm working with one of my non-RE business clients, and the next day I'm working on something completely unrelated...It's not easy to make a living right out of the gate being a full time agent.