In one land development and multifamily construction and leasing project, early investors were promised 10% PR raising money to purchase land and get to pre-construction stage.

Hi Jeremy,You can certainly lease for less than a year--the standard C.A.R. lease agreement is set up so you can make a month-to-month arrangement or set the lease term by dates.

I really enjoyed listening to the different stages of investing, and learning more about the Providence area.

Bad arrangement for the seller, good for you.

@Axel Meierhoefer Sure thing, I'm in early stages right now.

If you're uncomfortable with that arrangement (particularly threatening eviction each and every month), maybe all they need is a reminder a week or so early.

You’re setting the stage for a healthy relationship and perhaps, things will go in your favor!

I am in the process of purchasing a short term rental through my self directed IRA and I am laying out my Decorating and Staging Plan.

So it is critical on those type of projects to see where it is in the process and WHO is backing it to completion and the different tranches of debt and stages for funding.I used to do commercial assemblage for developers when I first started out over a decade ago and there are many steps and pitfalls to it.

So if this is an assignment and not a novation, then you would need to have arranged a DD period already with the seller.