I failed to mention that in addition to the alternatives I listed above, in this situation I have to feel very good about the applicants character.

Alternatives: What about a note/DOT at max (10%) interest, plus a separate equity split agreement?

I'm just looking to gain a more detailed view of an alternative to being a lender.

Alternatively, depending on how much of the loan is seller financed, you may be able to defer the taxes on the principal over time.

But, like most jobs, it will take some real effort on your part and some amount of money to make a deal.There are other alternatives.

The property surface is flat and ready for construction, it also provides visibility and convenient access from the main North/South & East/West travel routs (they overlap in this area) The area has seen new construction in all of the areas you have listed, as well as 350+ apartment units, 300+ mobile homes, hundreds of spaces in countless RV "Parks", restaurant & retail so feel free to chime in on any and all topics that may apply.

Just be clear that HML are short term financing alternatives, make sure you can take out other financing. :)

I have listed a few of them to point you in the right direction:1) Specialization: while some custodians specialize in traditional investments (stocks, bonds, and mutual funds), others specialize in alternative investments (real estate, private mortgages, tax liens, livestock, private businesses, or other non-traded security).

Maybe you do that and then do the "vertical development" to actually build the houses and sell those.You must do your own research and analyze the alternatives.

As several of us of suggested, is there another alternative to your home based child care business that would be nearly as satisfactory?