We recevied a proposal from a billboard company to build a full sized billboard. the research has been conducted and a written lease has been written and presented to us for 1k/mo, 20 years + 20 yr option, with 10% rate increases every 5 yrs.

Smaller sized projects (building 1,250 sqft) can be harder to find a builder, so tapping into local networks can be key.

Many times I release the funds same day or next day worse case.. now to be fair if I was the size of Kiavi and when i had my traditional HML company we had a much more formal process. 

Transaction size is still a challenge, but not having a fully permitted project makes the pursuit of development phase equity that more difficult.  

One thing I'm going to try to make work as well to ease the process is having a close friend or two move in with me, depending on size of the house I get.

But I think the biggest companies and the smallest companies run different shifts than a solid “get the job done middle of the road sized contractor”.

One schedule E is likely easier.Two Schedule E: If all 4 units are the same size then you are going to have the following: Schedule E #1:  for 3 rental units that is allocated 75% of shared depreciation, expenses, etc. 

Higher risk due to unit count and higher dollar size, but if you underwriter properly, you can absolutely do it.

Hey Robert, 8x6 is pretty standard size bathroom to fit a tub, vanity and toilet.

However, the added loan size and large rate adjustment is usually a tougher pill to swallow in my experience.