Most lenders will vary how aggressive they will get based on the experience of the operator (you), but I don't know any that will lender to someone who's never done a spec build like you're contemplating.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I started operating the property in mid-2023.

I have had several cases where I finally got cops or government officials to only do their job after being very loud to the newspapers, but it does work.  

Your decision to prioritize effective support and comprehensive features, even if it means higher costs, seems reasonable, especially when it's critical for your business operations.

It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.

Licensed contractors have more of their "shtuff" together and thus are better at their job and naturally will cost more.

I know a great agent in the area who helped my friend buy in Ogden and did a great job negotiating.

Second, you don't want to operate at a net loss, it's money out of your pocket every month and essentially negates your equity gains over time.

USDA does not.If you have a job gap (6+ months of unemployment) on an FHA loan, then you have to go back 2 years prior to the job gap AND be back to work for 6 months before you are eligible.How to avoid this?