Unless you are hiring a mega builder who gets insane discount on labor and material, most of your medium size or small size builders should have access to similar cost labor and material. 

As a CA RE Broker myself thats how I did all my loans and virtually all of them were fractionlized given the size of your average CA loan..

@Elizabeth Seiferth if you DM me suburb and scope size I will connect you with one or two people we have worked with.  

Consider Tiffin.Des Moines offers even more options because of its size and spread.

No matter what size your business is, we strongly encourage you to consider this amazing pool of talented professionals.

No conventional lender (that I've found) will be able to fit all this criteria, because it's very unique.Occupancy: Currently rented on a short-term basis (airbnb), however, in the process of securing long term tenants.Gross rent (for 1 tiny house): $14,400 annually ($1200 monthly)NOI (for 1 tiny house): $9,600 annually ($800 monthly)Expected Gross rent (for 2 tiny houses): $26,400 annually ($2200 monthly)Expected NOI (for 2 tiny houses): $18,000 annually ($1,500 monthly)Value of portfolio financed at 8% cap rate: $225,000Loan terms sought: 70-80% LTV loan size ($157k - $180k), 20+ year termAnticipated or actual appraisal issues: This is where one of the main problems lies.

Robert said it perfectly, compare the sqft and size of what your units living room to others on the market and see if it is similar.

Helps me save money on my own housing and learn a ton about the business without burning through my cash on the first deal.What size was your small multi family?

SIMILAR means unit configuration, # of units, bed/bath count, relative unit size, garage/s, etc.

Usually a Land Loan is 50% of what exists- and you need a verbal nod from planning that septic, curbs, gutters, utilities, especially water, and the size of what you plan fits the neighborhood or general plan.A construction loan on land is a different thing.