While renovations faced delays, and initial rental demand was slower than anticipated due to construction setbacks at the casino, the property is now performing well as a long-term rental.

Of course I did that.... before even posting on Bigger Pockets, but I'm not seeing anything specifically about this company, just a bunch of businesses with similar names that do construction.  

A lot of people shrug off Modular and Manufactured but they are both cash cows and help avoid longer construction times, higher material costs and less permits. 

Our overall Construction costs have gone up 20%.

Otherwise you're looking at like a 8.99% 12-month bridge loan if you want to fund the construction piece too.

There are also more than just the standard value-add multifamily available for syndications, you also have build to rent (new construction MF), RV Resorts and campgrounds, business m&a funds, storage, and much more!

This is perfect for developers to tear-down and put a brand new construction home 4,000 sqft house which could sell around 2.4M. 

@Heath Shepard I'm not familiar with the builder, however, with this being a new construction CBS build, there's little to worry about regarding hurricanes and additional protection.

So with another 100K in construction/fix up cost bringing the total to 500K it meets the 1% rule, obviously I would do more underwriting but I need to be solid on those comps. 

It’s more helpful to offer information rather than discourage someone from exploring their own path.FIFTH: I appreciate that you want to look out for others, but encouraging education rather than discouragement is more constructive.