I'd also partner with a lending company that understands how this is going work, and what your plans are.And last, but not least, I'd partner with a CPA to help navigate you to the ways of working this properly. 

hope this helps.

Just adding a little $0.02, outside of what he said, most banks are not going to be your friend when it comes to this type of construction, or any for that matter. 

For a buyer this should reduce their cash out of pocket to close which could help with barrier to entry. 

I have tried a couple and didn't think they were very helpful.   

those I think the basic of my questions.Thank you for responding and helping to understand more. 

If the area is seeing revitalization then updating the units might help reduce turnover.

If you need help analyzing a deal, DM me, and I’ll point you in the right direction!

However, an easier option would be to use a bridge loan to help with acquisition and rehab financing if the property needs some work.

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