It depends. all you talked about was the property but financing is more about the borrower, their experience, their credit, the cash available etc.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

These larger construction companies are able to do up to 25 projects at a time and even have in-house project managers.

My experience with S8: There is a reasonably strong correlation between S8 tenants and tenants that do not take care of a rental property. 

I had little choice since I was financing out of a construction loan that had little time before a ballon.

Any advice on this and experience/tips from others having gone through similar deals would be greatly appreciated!

It’s also an excellent opportunity to gain property management experience.

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

In my experience it cannot be used as construction funding. 

How do you finance the tear down do you add it to construction?