Joe Splitrock you missed the whole part about the HOA not making a decision yet.

Account Closed  that's quite a robust underwriting critera.. if someone makes all of those points they probably don't need to borrow money.. they all ready made it  LOL.. although I easily do but on occasion I will borrow from private or HML when I have my bank lines maxed out.. rates are dropping like a rock too for hML on west coast..

You will never be able to split these off of that well without doing by perc tests and digging 4 new wells.

What are they charging (fees, commission splits, misc)? 

At this point it's 5 homes that look like they would cash flow approx $500 which I would be splitting with an equity partner.  

But, offering a $4 cup of coffee, attending a conference, or offering your time to that investor to dig a trench, paint a wall, or clean out a unit while she/he is flipping a building gives them reason to think you are worth the skin you are rocking.

Originally posted by Account Closed:I'm an investor looking to invest in Cedar Park, Round Rock, and possibly Hutto. 

Banks are not going to lend without an appraisal, and appraisers have no reason to risk their license/reputation by giving a true opinion of value that might contradict a contract price.If they are given the answer before they start, all they need to do is determine if the contract price is within a reasonable buffer of their opinion of value and if so, then the contract price becomes the appraised value.Think about it this way, what if you had a contract for $250K and an appraiser came in at $248,500 - you would now have to bring an extra $1500 to the table or see if you could sweet talk the seller down $1500 (or maybe split the difference).  

You can also have multiple LLCs within an LLC so parties can split more easily.

The area I'm focusing on is selling between $6000 to $10,000 per acre and split between 2 counties.