The advantage of using a new build, when available, is a first-come-first-served environment instead of the multiple offer pay over list market in resale product.  

2nd questions; I Just got pre approved for a non QM product: 20% down, 8.25% interest rate, 12 month pre payment penalty period, 2 points, and Conforming Conventional product: 25% down payment, 8% interest rate, no pre payment penalty, 1 point fee. 2-4 unit in Ohio.

And after that, want rocket fuel for economic PRODUCTION, not just BS numbers, CUT entitlement programs, except health care, elderly and handicap, by 50%.

However, I do not plan on investing in this area due to hurdles of entry such as expensive product and high competition.

I have known him for 16 yrs and he has spent his entire career in retail leasing, primarily on grocery anchored strips, like FNRP's product.  

I know which product that you are referring to. the conventional mtg product has the following features. 1. minimum 15% down payment 2. 30 yr fixed term 3. rehab and repairs can be included in financing 4. borrower can be a first time investor. 5. no prepayment penalty. 6. the contractor will receive an initial draw at the closing table. 7.

This might fall into the 20 year, ARM products.  

Like Nate mentioned, choosing the right lender will depened on the type of loan product you are needing. 

Like sharks.The second there is a new shiny object ALL of them have their new products out making OUTLANDISH claims of what that shiny object can do.READ MY LIPS, EVERYONE.AI CAN'T TARGET MOTIVATED SELLERS!!!

It's smart to have more than a few conversations because not everyone offers the same products, leverage or terms.