The tenant base is generally 95% single women with 2 to 5 kids and they flat destroy houses, Not on purpose  most of the time but if you have children all below 10 years old they are just brutual on houses even in the best of situations of which single parent with multiple baby daddys is not the best of circumstances.. full stop.

Tons of growth coming all over town with new developments constantly, plus the weather is great 9 months out of the year!

If it is covered it's usually if caused by a covered loss meaning mold develops due to some other covered peril. 

More like  2X to 5X the cash out.. these are done with builder developers on their deals So put out 300k get 300k back in profit plus the interest rate. most small builders/ developers need to have a equity partner so you just do both you lend the money and are the equity partner.. pretty clean..

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

(FYI - this was an SB9 "two unit development, not an SB9 lot split). 

I work with similar first-time developers across the country, including helping them find loans for their projects.

Our market is stable with strong job growth from major employers moving and developing here like Meta, Intel, Amazon, etc.

I have a close associate with a large project there and the local banks have turned off the spick-et on funding his developments and these are very large multi thousand acre deals.

After a while you’ll develop a knack for figuring out who really knows what they are talking about and who is just full of it.Company Websites.