Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.

You want to pick the contract types you use based on the laws of the states you are doing business in.

Hey Maxim,I am also based out of Austin and would love to meetup.

Using Hard money or private money as they lend you based on your experience, and if the deal makes sense to finance.

It's not as well known and it is a highly sophisticated subscription based tool for property managers and others in the STR industry.

Following - I'm based in California. 

It will also be commission based similar to a loan officer so be prepared to stay motivated and hustle to avoid down months.

We usually measure the "terms" based on what is available to us.On the other hand, if you are selling...what benefit do you provide to the buyer?  

All of those things lead to inequities in the partnership because when the split is based on active work all of that is impacting that.

I'm based in California - following