Experience with a Construction Loan for SFH, Investment Property

[Brandon Davis]

I have two parcels which are .25 acres each in a area developing at a rapid speed less than 1.5 miles to the beach in Florida. I'm still interviewing General Contractors to build two houses on these lots. My plan is to STR one of the houses and rent out the second one while I get my feet wet trying to STR for the first time. There is high demand for STR in my area. My question is to see what others experiences have been with completing a construction loan? What was the process and what to expect with the construction process with this type of loan. I have completed a rehab loan before. Thanks for your support.