FHA Loan to Build a Triplex in Orlando, FL. Is it possible?

[Gabriel Araya]

Hello everyone,

 I saw a 6400sqft lot zoned R-3, which allows to build up to 4 units. Considering the size of the lot, I figured 3 units of about 1400sqft each 3br/2ba would work.

However, before I make a decision, I'm trying to figure out the average building cost per sqft. I've talked to a couple of contractors, one told me that they try to keep their cost around $105/sqft, the other one told me that it's about $150. Those numbers are very different, especially when considering the 3 units would be a total of 4200sqft. 

i am planning on living in one of the units and renting the other 2. Which is why I was considering an FHA loan. Could it actually work?

Any input would be greatly appreciated. If you are a lender or GC, feel free to reach out to me. I am also looking to start building my team!