Generally for a refi the LTV is based off the appraised value (assuming enough seasoning). 

I decided to go with the contractor since I'm interested in developing and want to build some good relationships.

If you haven't already done so I would advise to develop a plan.

Certainly seasonality is part of if since it's typically available during summer, Xmas week or Spring Break.

As for "bleeding cash" -- we're certainly not the first startup to be unprofitable for a number of years during its development and/or scaling phases, nor will we be the last.

Renting at $3,100 in prime 8 weeks of summer, as well as pulling in renters for off season.

I've blogged about how much I hate dealing with banks, love the owner financing option, but I'm learning the benefits of really developing relationships with bankers, especially as you pursue additional deals.

Not sure if it will stop me from buying...this property is now in the hottest development area.

Several third-party software developers make such add-on/plug-in packages for Excel.EDIT: Be wary of any potential analyst doing this without using some type of Monte Carlo simulation or similar technique.

Hi GuysI am in the process of developing some land just outside of Palm Springs.