Someone trying to earn 4-5% return they could get from a bank cd?

Second to cash in the bank is HELOC cash because you can use it however you want (you just have to see it already in an account).

Go work with community banks, regional banks, and local credit unions.

You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary. 

It's a banking and bookkeeping platform built specifically for real estate investors.

I don't want to see you bank on having multiple un-related renters and have your plan fall through in the first few days. 

Sounds like the velocity banking stuff that was popular for a while.

But basically with a construction loan you will need to have considerable cash involved - most costs need to be paid for and then the bank will reimburse at certain checkpoints.You may want to start with some smaller value adds inside the existing house to maximize rent from the house hack. 

Each multifamily building I have has its own bank account.

With your balance sheet and cash, you can put together creative deals without giving up equity and without using your cash but you are going to need to find a market and product which has 7-8% cap rates.I invest in the northeast, Great Lakes area.Diverse economies with education, healthcare as the back bone and tech as growth.In your area, you’ll have to raise way more capital in the form of equity just to meet DSCR with the banks.