You'll have to ask about their appetite for STRs.  

Every US taxpayer pays for fire suppression on federal lands.

Thank you for the detailed responseI got ahold of & spoke with the GC (General Contractor) that built a 10-unit across the street from me and he said he can't really give me an exact estimate because i don't have any blue prints yet. but he did say it cost them roughly $1.6mil to build the 10 unit across the street from me and that he thinks it will be more expensive because labor and materials cost more and some unexpected costs came up on their projectlike the water company wanting a bigger water pipe installed for better flow for fire suppression I believe.1.

Depending what your risk appetite is you can make that money work for you.

Ask for term sheets, and about their current lending appetite.

What is your appetite for rehab or do you prefer turnkey properties?

What is your appetite for rehab?

You can take up one or more of these measures to reduce your risk down to your particular level of appetite.

What is your appetite for rehab? 

He said there are two options depending on my risk appetite:1.