An apartment building would be considered multifamily.

@Tom Hall, a few things to consider:1.

Consider a different investment location if you can't find an experienced team with all the necessary resources.To build a local investment team, start by finding an experienced investment realtor.

High rates are here for at least the medium-term (1-2 years), so deals will have to pencil in this current environment.You may also want to consider hard money for your lending, as they can often fund your construction with far fewer restrictions than a HomeStyle loan.

We consider this issue closed.

We consider background checks and credit checks only good for 60 days. 

A little update with the bank, they are now telling me that they aren't even going to consider a settlement or a short sale unless the past due 14 contractual payments (around 8-10k) are paid.

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships and excellent customer services to determine how to best market to your leads.

.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

Look at all the differences in both rate and terms but most important in my opinion is their track record in customer service and meeting deadlines and closing.