Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running. 

@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.

It's going to be more about your confidence in the market that you can afford than anything else, so the primary thing is to look up a few areas you might be able to afford and then look for someone local that can hop on a call to give you an idea about what investing there is like. 

Start with one property to gain confidence before scaling.

They would also give the buyers more confidence as they're a certified and accredited vendor rather than a mason contractor.

The management companies & local investors usually lease places up within 1-2 weeks max (depending on if you want to hold out of higher rents) How would you think about leasing these out? 

@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.

Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage. 

@Abdul HafeezRates and LTV depend on many factors. 

We appreciate the confidence you have expressed in us, both in the past and present.