There are more construction loans available, then loans to purchase the land. 

It’s especially advantageous that your construction costs are lower due to being a builder, which really boosts the overall profitability of the project.The numbers look strong, especially with a refinance at 5.9% the $24k net after expenses and $12k yearly pay down show a solid return, even with conservative estimates.

Hi Tobi, Do you have any previous ground-up construction experience?

We have a builder in Charlotte that constructs multi family and the numbers are pretty good.

Someone with a construction background can contribute their expertise and build at cost without markups or profit margin.

I'd love to connect and talk more about new construction that sounds like a very creative and interesting way to generate income as well as form relationships!

I purchased a new construction property and will be renting it out.  

After recent significant increases in property taxes, homeowners insurance, utility costs, supply costs, maintenance costs, and construction costs the margins are thinner to a significant degree.

Quote from @Logan Ransley: Hey Matthew, fantastic and in-depth constructive feedback about our product.

I would not have delayed construction.