When supply and demand are disconnected then the market moves between top and bottom of cycles, but then equilibrium is reached.

Security.

Rental income has gone down because of supply and covid money being sapped up.   

I still plan on personally guaranteeing the loan to secure it. 

Hey Seth - With your construction background, you're in a great position as leveraging that rehab experience will be a huge advantage when securing financing.

The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

All expenses would go on each account and it made year end accounting very easy.Ally alerted us that they are closing our accounts due to our failure to "properly secure" our accounts.

The wholesaler assigning a contract they didn’t secure yet. 

That being said, I think there might be an opportunity for this program to be expanded as the the politicians seem to finally be understanding that they need to do something to fix the lack of supply of new construction homes and I'm thinking this program may end up being a part of their solution.I've tried finding some real meat/details on the program but all I can seem to find is the broad strokes at a really high level. 

They have risen everywhere since then, remaining below historical averages in some cities while surging far above those averages in others.The elevated eviction filings also follow a sharp acceleration in rents, when pent-up demand during the pandemic flooded supply-short housing markets with people looking to rent.