If you were in their position, what would you look for?

Whatever the market has appreciated during the course of construction, this is in addition to your 10% up front equity position.

Learn the ins and outs of a house, how to do the minor check ups and repairs and also look at a couple of tax returns with the "benefit" of deducting taxes and insurance instead of taking the standard deduction.If you have a rental it's possible to have a positive cash flow (you should never buy a rental unless it has this IMO) and still record a tax "loss".

If it is the second foreclosing, this does not affect the first's position.Technically, you could short sale any of the positions if they are willing.

You should be cash flow positive day one.

Any thoughts or open positions?

But, without a defined need for the structure, in this case it's been challenging to create a business for the location at a cost with a positive ROI.

I have a long way to go before I'm in any position to do any investing, but that will give me time to learn as much as I can, so I'm not discouraged.

as I do see the positive to an entity/LLC.If under an entity - what name or how to you plan on the naming for your LLC?

if your area (or even 45 minutes away) can't afford you positive cash flow, maybe you should be looking elsewhere.Wade