Hopefully he's sympathetic towards your situation, but I'm also sure he's heard this excuse before.if this isn't hypothetical, 'd start hounding the GC and hope u have the permit pull clearly stated as his responsibility in the contract.

your in the best market in the country for hard money lending at least from a borrowers perspective U have the cheapest borrowing rates in the country by far.. 

. :)  and its just simple math most that go with a no money down lender .. it means they don't have much cash up front.. and once u get a few turn downs they are done all their cash is gone.. plus tends to be the least experienced so they go through an expensive learning curve ...

@Andrew Lorei I hope some Minneapolis investors with first hand knowledge of owning in that neighborhood will chime in but I have been hesitant on this area for a couple of reasons:- There has been a ton of new apartments built near the U in the last 5 yrs.  

What do u consider “sizable gap”.

It's an encyclopedia for investors. if ur into self teaching, this will do u about as good as any book if ur like me and like to look up basically any topic and start reading away and just keep digging deeper and deeper, u can learn so much!

My state has started to crack down on it as well. they are aware of the issues you talk about the U tubes the guru's etc.. they will follow up on any complaint and if its deemed selling without a license then there will be action taken . which usually includes cease and desist and for first offense modest fine.But like when I was talking to someone I know in the division enforcement here in Oregon she made the point that most professions in an around building remodeling lending etc all need licenses..  

I'll keep u posted with what I decide on.

I purchased a 2 bedroom condo in the DC area (U Street area) and am now using it as a rental.

I really don't think it matters as u are more fighting for price per night.