It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

Hey Andrew: The Freddie Mac Small Balance Loan (SBL) and Fannie Mae Small Loan multifamily programs could be a good fit for a project like this.

Most likely won't as your portfolio grows. 

For a project like this, where you’re installing a water heater, HVAC, replacing a front door, and installing appliances, here are some key insights: 1.

I'd love to hear what does your criteria deck look like. 

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

If you cannot google and find a lender then there is most likely a reason why you cannot find a lender to do the loan.Finding a lender today is like finding a mcdonalds, they are all over the place.

We will be down quite a bit over the next several months if you would like to connect sometime.

Quote from @Mike Klarman: For a guaranteed 10% down program you'll need good credit and 3+ experience but then with closing costs it will be more like 15% and then holding costs and such. 

They also didn’t like the idea that Phase 2 investors would dilute their position when they come in later.What are some fair and effective ways to address this concern?