I'm in a unique situation where I need to pay the deposit to unlock the design and engineering plans to get the project's official financing approved.

I have saved up some money for that and want to make sure the numbers are not off before venturing into it.all markets are unique and Texas is at least for the lower value assets 150 to 300k pretty low margin area.. where builders just slam out the houses.. so if they make 10% on a 150k but build 100 of them a year.. pretty competitive there and you can build as cheap as anywhere in the country in Texas from what i see.. heck I pay more in building permits alone on some house than a builder in Texas will pay to build the entire structure :)  good luck. 

I feel as though I have a unique advantage being that I am a licensed building engineer and HVAC contractor.

Unique situation which required a lot of patience and some terms most investors wouldn't be interested in (extended closing timeline, rent-back to owner after close, etc).

Unique situation which required a lot of patience and some terms most investors wouldn't be interested in (extended closing timeline, rent-back to owner after close, etc).

You have a very unique talent...

Your unique objectives and goals as well as the amount you have available to invest will help you find a good investment rental property.

You would set a repayment term and repayment amount (lump sum or installments).If you want to benefit from the profit on the flip, you could simply say you want your loan amount in full plus "x" percentage of the profit. 

So that is question #1If #1 is yes, did you use a mortgage loan originator and or underwriter to verify the borrowers ability to repay?

I believe the new stimulus package allows you to withdraw up to $100,000 from your IRA and then repay it within 3 years with no penalty.