If you find a lender/mortgage broker that communicates very well and in a very time efficient manner start there to see if they have a product that works.Most of the lenders we have worked with in the past we have done multiple loans with.

Buying distressed & fixing yourself gives you the full intel on the quality of your product, buying 2 rather than 4 you can pay for better locations, then having reserves gives you a healthy peace of mind.

After reading and talking to my lender which didn't offer it (similar to what @Drew Sygit said) I went the conventional route and used cash for the remodel. 203k loans have hurdles, payment draws, specific contractors (grosssss), and other requirements that slow you down or cost money.Investors have found success with (203) loans it but consider your overall goal, budget, and timeline. 

The bummer is that this whole online course thing is new to them, and so their support is either really slow or non-existent.

Looks like you have a solid plan, compound interest will take care of the rest.Can i ask what mortgage product you intend on going with?

Increasing your construction budget by a small amount can have an enormous impact on your overall construction budget, productivity and site safety/insurance premiums.

Anne NHi Anne,I haven't seen any DSCR programs specific to Sober Living, however, we've closed Sober Living deals with a no-DSCR product.

We're building this inside the city limits so we are slowed down just a bit by the city inspections.

I look forward to reading all of the productive and helpful posts you and others have posted as I believe in becoming the best investor and property owner possible.

I don’t mind someone pushing their product, as long as it’s acknowledged by them that they are bias because of it.