In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

Feel free to give me a call, and I am happy to go over a few different loan options with you

Can I then withdraw the other $200k tax free as an owner withdrawal from the fund.

My travel is measured by cost per mile used to travel to and from the property.

We initially met with a couple builders my father has worked with previously and are currently awaiting for detailed breakdown of cost estimates.What would be recommended for taking out a loan for this build?

Maybe because they're handed so many things for free they don't have much skin in the game or something I don't know.

But I know that finding the balance on the pro forma between the cost of the land/construction and the density of the development (which drives rents/income/cash flow) is always the challenge.

Doesn't matter what it costs it is YOUR RESPONSIBILITY.

As I have come to know from a great teacher of free material: @DanZitofsky Trust, but *verify*. 

Feel free to reach out if you need anything else, or if you would like to talk financing!