And it can mean some huge adjustments in the case of those who interpreted incorrectly.You claim what is true and accurate, not what you think will avoid audit.

I hope this helps you think through the options

Hey @Mario Cuartas glad you and your family are thinking creatively, that is definitely what it takes in this market to be successful.Unfortunately from my knowledge, this idea is much, much more difficult than you anticipate.

I think it's about $2500 now to connect here, on Lake Norman. ( Considering how high the property taxes are you'd think the connection fee would be more reasonable. )  

Yeah I think a HML like @Logan Singleton mentioned would be a good move to call around or connect with a loan officer like him perhaps to see who would fund those type of numbers, but if you wanted to explore private money there's 100 ways to structure the deal.

@Nathan FrostThe advantage - some will do 90% and 100% construction but recognize your signing a personal guarantee and will be paying 10-12%+ for interestBenefits of a private lender are speed to close, creativity in cross collateralizing etcThere are a lot of people on BP that think oh private lending is less strict than banks and easier to get.

Jake Snavely I think you’ll find it similar to Huntsville.

It's much easier than you might think.

Thinking about this some more, I'll probably end up using something like the RUBS system on this one and not worry about the submetering for now. 

Do we think the property in question will continue to appreciate or flatline?