I haven't done a ground up build before so financing with some institutions has proved to be not possibleProjected construction loan (incl. triplex loan) is 2.5mI'm anticipating a 65% LTC and have about 50% of down payment in existing triplex property equityConsidering doing a GP/LP structure with friends and fam for remaining 50%.

I would recommend that you take a look into SeaCoast Commerce as your banking institution will pay your software fees!

According to a study done by State Farm and the Insurance Information Institute the average cost of a dog related injury claim is $49,000. 

Hey @Maurice Evans - was this something you discovered when looking up low cost ways to make another acquisition? 

They should be replaced whenever discovered.

There is no doubt that this was just one of many shipments, the overwhelming majority of which never get discovered.

@Justin RobertThe preferred terms would depend on whether it is institutional note or seller carry back note that you are looking to sell.

Doing this usually takes time (and money) to unwind later when it's discovered as sub-optimal.

But it's just that, a quick reference, and institutions that are going to trust you with large sums of money are going to use a lot more to determine your "trustworthiness" than a number that pops out of an equation. 

Not suggesting that you take this route, but the reason for mentioning was that many of the investors that I networked with discovered that I had the GC license and "hired" me as a consultant to run their rehabs.