They're offering 3.99% interest rates (covering 6% of the home cost to buy down the rate), $10k in bonus money, plus a fridge, washer, and dryer.Because they can't stop building, they have to offer extremely good incentives to keep the product moving in this buyer's market.

However, always have a flexible approach – sometimes a great property comes up that’s worth pursuing even if your financing isn't fully in place yet.LendersFor multi-family housing owned by out-of-state investors, I recommend looking into regional banks or credit unions in the Midwest market you’re targeting, as they often have more tailored loan products.

Not necessarily land, as it is very costly to build there as all materials except for some concrete products have to be shipped in.

The conventional loan product can help eliminate sellers concerns while still keeping a low down payment.3) I would just compare your rents versus market rents.

Thank you for the fast reply.I am leaning towards it might be a bit risky to assume a refinance as an exit strategy if you are in a deal with a lot of equity tied up.Definitely Valdut, its always good to know all options and pick the option which allows for the best execution is speed, pricing, terms, and the right product for the given situation (rehab, acquisition, long term cashflow, construction, or interim, bridge, etc). 

Does anyone have any feedback or thoughts on which loan product to use? 

We prettied her up, gave her a new sewer, new roof, new garage roof, cleared out a ton of junk, and put this into production in 2020.

Here's the link to get Sold, the first of the series https://store.biggerpockets.com/products/sold-every-real-est...

For me it started out being a RE broker and listing other developers product 50 years ago :) so you kind of grow into it..

At the end of the day if you are going to buy 10,20,50, 100, 500 or more tax sales a year, it is EXTREMELY counter productive and a waste of time to buy 2 or 5 or 10 or 20 from 15+ states.