Additionally, when comparing whether to build a single family portfolio or a comparable multi-family portfolio, you should also keep in mind the transactional costs involved.

And about $50 higher than another comparable unit I own across town with a husband and wife.

It's meant for gap financing, so you can't compare it to a DSCR or some other kind of first position financing.  

This property is being acquired at $79K per unit, a sharp contrast to comparable apartments in the area selling for ~$140K per unit.

I recognize that my net worth is small compared to some of the people I associate with.

They'd be much better off being a Hard Money Lender and make 5 times that (and every repair to their "investment house" is paid by them...So, if you put $10k down on a property and make $150/month net cash flow your Coc Return (annualized) is 18% which is Very Good.If you followed that and understand it then keep looking for a deal.

What are your thoughts on hard money lenders for spec builds?

Emphasize that your offer is competitive and you’re ready to move now, or set a reasonable deadline for the offer to ensure the seller knows you’re serious.Use Comparables StrategicallyHave data on hand to support your position.

I price compare. 

I’m certain there will be some type of moratorium or intervention, but the fact of the matter is the balance sheets of impacted lenders will suffer when obligations are not paid on time.