Seems to me it could be profitable and fairly passive investment in a market like mine where there are many businesses out there that need a shop and a place to store their equipment. 

At 500k, with an exit value of 1.2M I’m not sure there’s enough room there to make a profit as a developer.I think handwritten letters are a good start but I think you need to send more, a lot more.

Can you make up fake profit-loss statements for your tax returns? 

They had a one page sheet to explain there profit lossEverything they told me at this point has not been verified.They take in $124,320yr.They pay 11821 school tax6500 village tax3000 town county tax5000 insurance 3770 for landlord electric and hot water for the whole building2500 for heat and electric for the rooms for rent 1700 for the cleaning of the shared space and bathrooms for the rented rooms (2 shared baths and hallways for rented rooms)375 snow plows500 general maintenance 320 lawn care4300 for village water and sewer. 

Personally when I can make more in profit in doing a flip in 6 months compared to re renting for years I will continue doing flips For me 10 or even 15% c on c is leaving money on the table with so many other ways to make more money

After selling our we home, we are planning to rent an apartment temporarily and start purchasing rental properties using the profits from selling our home when the market drops.

This HOA is a non profit and has no business credit. 

The issue I cannot overcome is why blanket the airwaves with marketing and advertising to find investors when the company can be putting their own money into these projects and reaping all the profits?

For it to make sense to me, there would have to be a huge markup for them to profit. 

On your homeowner financing loan alternatives is to show them the math on paper that shows them the extra profit and the possible tax liability spread out for several periods instead of showing they will and have to report it all in the next year end tax preparation and the savings that they might get.