The only information I had to go on was with the last Lender informed me so maybe it was specific to the company they were with.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I would like to speak with local investors, real estate agents, property managers, lenders, etc. from the area.

Often, traditional lenders offer better rates, which can significantly improve your profit margins.2.

When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.

What was noted in their rejection letter ?

A mortgage lender can help determine if refinancing or tapping into equity might allow you to acquire additional properties.Consider a 1031 Exchange: If you're open to selling a current property, a 1031 exchange can defer capital gains taxes while enabling you to upgrade to a larger or more profitable asset.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If they stop paying, I foreclose, but still keep making my payment to the underlying lender.

Most lenders will vary how aggressive they will get based on the experience of the operator (you), but I don't know any that will lender to someone who's never done a spec build like you're contemplating.