However, please next time give us a quick background so we don't think you are out of your game.  

Have also developed a good relationship with bank over last few months.

Hello,I've been digging into real estate markets to get started in the rental property game.

The contractor I spoke to stated his company has worked on several developments of this size.

However, that’s not my game plan anyway.

I’ve thought it thru, I know what I want to do, I know my end game, I know my target for a DP........And here I sit.

The intersections of 423/380 and Preston/380 are both going to have massive commercial developments.  

HOA is $175 per month.This property is in a great location... located in a large urban park in a historic neighborhood currently undergoing serious gentrification (hundreds of millions in multiple residential/commercial  developments all over the neighborhood, both city and private money).

My husband are new to the game and have an opportunity to buy a neighbors house at a low cost.

Wish I had a cleaner answer, but everyone is going to want you to have skin in the game.