Make sure the lender you choose has a strong background in this type of lending...check them out on Linked In to see their experience level.

But last I check their requirements for LTV/DSCR was very strict.   

Interesting topic, I was looking for a bank with a higher interest.Going to check out Wealthfront.Thank you for sharing...Joanne

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

I'll check it out!

If you’re looking for DIY options, PropStream and DealMachine can give you some lien info, but they may not always be 100% accurate or up-to-date.For Central Ohio, check with the county recorder’s office or clerk of courts for lien and judgment records.

Once they have seen the property and are interested, the prequalification and background checks will do the rest of the work in weeding out undesirable tenants for you. 

    - Criminal, eviction, employment and background check- No guarantor outside of householdThanks in advance for answersGross income should be 3x rent, or whatever your locality allows, with the section 8 counted towards that income.

Attend in person, bid, if you win you have to pay right then via a cashiers check.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?