If you're trying to sell a billionaire on lending you nearly $70 million dollars for some speculative waterfront deals, you need to go in prepared to talk about:LOCATION - Access to property, comparable properties, demographics, schools, etcLAND - Lot size, zoning requirements, entitlements, surveys, plot plan, utilities, etcBUILDING - Isometric plan, unit count, amenities, how it conforms to zoning, what you will do if variance required, etcTEAM - Who will be the architect, builder, structural engineer, mechanical engineer, electrical engineer, civil engineer, etc?

Double check with an attorney for the exact mechanism, but something like that could work.

@Jane S.A "mechanics lien," as its generally called should be pretty easy to file. 

Your revenue in a six unit would be lower but you will likely break even, and your units should rent faster; I'd do it anyway.Adjusting the coin charge mechanism is really tedious, but there are youtube videos and my handywoman took care of that.

Shortly, prior to closing a Notice of Sale is recorded which alerts everybody that a transfer is about to take place which stop/prevents/alerts nobody else to try to affect the Title chain (I forget the exact mechanism for this). 

We have put in all new mechanicals, wiring, and we will have very little Cap Ex for a long time!

. $25k is a good number.Across the lake, here In Metro Detroit we see canadians having success with low risk, high roi deals such as below.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.

I did one for my whole condo but it was about 4 times the price, i researched youtube/ratings and made a few phone calls to garage door mechanics what the best motor would be, maybe you could just make some more calls!

The millionair investor is okay, he understands the mechanics, but you can tell investing is not his passion.

Well unless you're a mechanic, you'll have NO idea what you're looking at, so it's better to call a mechanic whose job it is to look at engines.