The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.

.🔹 Profit Multiple Ways – You can rent the property for cash flow, sell the option at a profit, or buy it later at a pre-agreed price (often below market value).🔹 Great for Sellers & Investors – Motivated sellers can turn a vacant or hard-to-sell property into income while investors secure future deals without a huge upfront commitment.🔹 Ideal in Any Market – Whether home prices are rising or falling, lease options allow you to lock in today’s price while benefiting from future appreciation.Other creative strategies—like seller financing, subject-to deals, and the BRRRR method—can also open doors, but lease options remain one of the most powerful, low-risk, minimal cash out-of-pocket ways to build a portfolio.

This is a reposting of a previous postI value Matt Scott's commitment to help me in with my success.

With strong rental demand, affordability, and plenty of value-add opportunities, Birmingham is looking like a solid market for investors.

If you want to swing for the fences, that 3 yr, value-add deal with floating rate debt may be the right fit.  

I don' know any builders in our market that can build less than $180 per square foot. do you have any exampless of what you want to build I could let you know. don't build an ADU the size is too small you'll never get the value out of it.

We fully renovated both units, improving the property’s value and rental potential.

Guests provide revenue and guest provide Reviews. 

Assuming this is an 8 cap neighborhood you'd have a ~$420-450k value within a year (unless property taxes are crazy high) when leases would renew since it'd be valued as a commercial building with the office space.

Cash How did you add value to the deal?