Does the operational company already exist and have income history?

Can anyone recommend a company that offers a builders risk policy to cover the construction period but then will also allow a cancellation and refund after work is finished to convert into a standard landlord policy.  

What about if you set up a maintenance company that maintains all of the properties, then you have a real estate attorney prepare all of the lease agreements.

—and prioritize applicants who meet the criteria but also have a solid, reliable rental history.

However, after he saw the quantity of ADU applications come across his desk to plan check he went out and started his own consulting company.

Larger company -- tried to escalate to the owner. 

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

There aren’t many residential development companies operating at this level, which reduces competition and risk.

you are going up against people and companies that spend thousands or even tens of thousands of dollars a month in marketing. 

A few that sell and manage, or know management companies.