The fee is also listed in the fees sheet, but it raises many questions due to the way it works. 

It's like posting dynamic collateral that doesn't actually reduce the loan balance, not exactly a great deal.When the fed raises rates, they are directly targeting actors like this.

I know for a fact all of this would be stolen the first night working in many areas of the country so the first thing one would need to do is fence it and get security in there  raising the build cost substantially to the end buyer.. 

(Proceeds to raise hand) Orlundo I got you.

@Mary Pastoral- thanks ....I think you will need to use option 1 as the other options dont appear to be viable to raise the capital needed ....consider a conventional loan for the new purchase as the down payment can be as low as 15% of purchase price ....good luck 

Why do syndication sponsors go to all the trouble of working with LPs to incrementally raise funds? 

I shouldn't have complained - we've just raised $1m in equity funding from a proactive investor.

I'd post the link, but the site won't allow it, I see they've raised the price almost $10k.

So maybe that's stacking savings, maybe paying down debt, improving FICO, or maybe it's raising capital, whatever, the details don't matter because there is 101 flavors out there, all that matters is what is your 1-Thing NOW, do that, THAT alone, with fanatical focus like a fat-boy on cake!

Once you stabilize and raise the rents it would be the hope that the property would appraise for more and the owner would refi and get back significant returns.