I would think your numbers are about right for this deal, based on the potential for growth and the new development starting this could be the right time to pick this property up however the numbers have to be right when you purchase, not when you try to sell.

They are a national asset based lender so their rates won't be as good as a conventional lender or a local portfolio lender, but they are not concerned with DTI or the property being held in a LLC.

@Derek Lacey is based in Indianapolis and could comment on that.

You're thought process seems to be based on what it would take to get the property (wrong way), instead of what you should pay for the property to make you money (right way).  

Based off those tools, it's fairly easy to determine a price.

There are many members from MoCo and Frederick here on BP and two BP meetup based in those areas.

On its face, the deal looks very good, especially if I can negotiate the purchase price down based on a package deal for all three. 

Basically you find a transactional lender (@Shari Peterson ) that will lend to you based on the end-buyers' conditional loan approval and appraisal. 

Basically you find a transactional lender (@Shari Peterson) that will lend to you based on the end-buyers' conditional loan approval and appraisal.

As said, to avoid PMI your loan will be a max 80%ltv, and get a loan based on appraisal, verses purchase price/costs, you're looking at 6-12 months seasoning.