In a market where median and average sale price are identical, # of Units * Median Sale Price = Volume.

For what it's worth I plan to build an identical duplex on the adjoining lot but it will probably be 6-8 months until I start on that one. 

. $10,000 min draw.Mutual of Omahaequity line- 5.75% first 6 months 2.99 FICO score better than 700appraisal cost of $400 if you don’t bank there. equity loan- 10 years 5 1/4 fixed Northrop Grunham Federal credit union (directly from website)Variable APR*4.50%Depending on the option chosen, each time an advance is taken the payment towards principal and interest (NGFCU does not offer an interest-only repayment option.) may be either amortized over 180 months or to the maturity of the HELOC.Fixed APR*5.50% May elect the Fixed Rate on up to 60% of the approved HELOC limit.

The best possible comp is the identical floor plan right next door.

Private investors don't have an efficient secondary market to roll loans over at par or for a premium to recover cash like the institutional lenders can.Consider building your loan portfolio as you would a bond portfolio, with a maturity distribution of amounts due at different periods.

The Loan Warrantee Certificate matures in five (5) years to the amount of the original loan, which in this case, is $100,000.00.

Well...https://clintcoons.wordpress.com/2013/10/16/seller...This link goes to an article that describes the situation I originally proposed almost identically...BUT it still doesn't clear up the WHY this regulation exists for builders.I have read multiple articles now...and done multiple searches...and this is what I have found:In Dodd-Frank....the builder - "involved with construction of" - seems to have originally had the intent of deterring timeshare developers who were acting as seller/financers and using deceptive practices to lure would be owners not contracts that they knew would never...or eventually not...perform.The 1 unit rule and 3 unit rule seem to be in there as a go around for builders willing to develop other entities etc and then seller finance that way...so confusing...and so little written or discussed...on my topic anyway...that I can find.

What would be mature and fair response.

The original structure has near identical up/down spaces that were originally separate units.

The initial lender or noteholder is paid off by the lender who is refinancing the loan and the net difference to the borrower usually is any array of revision to loan terms (rate, term etc.).Sometimes the borrower voluntarily refinances a loan because there are favorable terms they could benefit from and sometimes the borrower refinances because they have to... such as when you have to get out of a hardmoney loan post rahab or if you have some flavor of an ARM or balloon loan that matures or becomes due.