If each unit has their own, I can see them allowing it to be paid with how you phase the construction. 

Phase #1 - Recovery  - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from  decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."

I also own lots in the Sevierville/Smoky Mountains area and am looking to start construction on those soon.

Background: My mother was real estate agent and my dad knew construction so we flipped just about every house I ever lived in.

Understanding the power behind real estate investing has changed my life / career dreams.Sold a 2yr old new construction home in Westmont IL...

Flipping has the potential for far higher annualized returns, but comes with all of the construction risk and reinvestment risk to get the next one. 

Same principle for rents.You posted this under land and new construction.

I was able to get a construction loan to renovate.

I do have an accounting department that handles the payables.  3.Consider a Maintenance/Construction Division (When the Time Is Right): Margins in PM are thin, but bringing maintenance in-house can be a strong revenue stream.

In the end my duplex - 2bed/2 bath on each side- stays fully booked mostly by construction workers and it's been working really well for me.