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Marg, that has ALWAYS been the case that they have to get 50-75% :D and that is in easy credit times. I've also heard in the current credit environment :(that no finance for developments is forthcoming without 100% pre-sales in some instances.

Look my comments below are more aimed at OTP with a 2 year settlement as a strategy. You must be comfortable indeed. Don't drive a car? Fly in aeroplanes? No chance of falling sick, having an accident, family member requiring you to act as a carer? No-one on the planet better at your job than...

If you are really determined to do OTP then consider using a deposit bond for the deposit instead of your $35K cash.