I deal extensively with creative financing such as sub2's, land contracts, contract-for-deeds, assumptions, land trusts, etc.

@Russell Brazil,I understand your point about DTI, but I was thinking more about the fact that we would exhaust a significant part of our savings to buy the multi-unit first and would likely have to save extensively for a couple of years in addition to what we might cash flow from the multi-unit to have enough to buy our single-family home next.

You're talking needing plans, architect drawings, engineering study, a zillion permits and inspections.I just don't see a lender lending on this kind of deal without that person having major experience that includes some ground up or extensive rehab work.If you wanna "break in" to the financing world, it is not impossible at all. 

The pipe bursting caused extensive water damage to the second and first floors and about 4 inches of flooding in the basement. 

Each realtor here backs their market with substantial data, historical trends, and extensive experience.

We never gave extensions once the file was labelled X.

For appropriate financial advice, do extensive due investigation on prospective investments and speak with a real estate attorney, accountant, or financial expert.Good luck!

I have extensive experience in online marketing for small businesses / startups that span across legal services, beauty, tech and more.

How extensive are the contractors deviations from the plans and why weren’t the plans followed?

It would be easier to buy an existing duplex or triplex but nobody is willing to sell because they cash flow so well.Any thoughts are appreciated.Thanks, Development may seem like it can make sense in the big picture, but all the little details in between and the time spent may not be worth it as much compared to buying an exiting property good for ADU adds, extensions, and add ons.