Basically, I had no choice but to get the loan from finance guy(who by the way can pre-approve me in 30 minutes if I finish on-line application process) that I never met due to last minute request from the seller.  

The main highlight or benefit of Fannie mae's 1 year tax finding is that you dont need to prove 5 years in the same line of work which is a harder burden of proof for most realtors or business people. 

We have written estimates lined up from licensed/reputable contractors. 

Save up, get your expenses in line, and continue reading and learning.Knowing when your not in a place to buy is as important as finding the right deal.

On the other hand if you're looking towards hiring a office worker or two, setting up phone lines, incorporating, and marketing... then you could be talking about much more capital, but likely a faster revenue.

Also, you need to balance the fine line between respecting your JV partner's time and getting the communication that you expect.  4)  Review the JV agreement. 

I'm assuming not much other than the fact that I may have a buyer lined up and could close quickly.

And the people doing stuff usually have private money lined up. 

@Brian Burke  that line always cracks me up.. "  have a great deal and the money will find you" or inference that all U need is a great deal and its no sweat to raise capital.. not in my experience . 

Call the City information line and work your way down through the phone tree.