I cannot assist w/ the acquisition of the property but do have an FHA product that is specific for home improvements.

My first purchase was back in 2021 with a small little 8-unit Boutique Hotel in Florida.

If we rent the unit at $1,425, I have an estimated monthly cashflow of $302 (rent at $1450, cashflow is $325) I DO include vacancy, repairs, and cap exp in my Box2 Expenses.

Just make sure the town is ok with the land being zoned for multi-units, and look into construction costs, financing options, and permits ahead of time.

Renovations are almost complete and will be looking to rent out a unit.

He was pay ed to install a AC unit in my home and disappeared  he refuse to answer the phone calls texted massages he stole my money and won't respond 

. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

With a budget of $300K-$400K, you could potentially find single-family homes or small multi-units in those areas.I'd recommend researching rental demand near universities like Duke or NC State or even checking out neighborhoods with strong job growth near tech hubs.

I have 0 experience ground up construction loan program nationwide that does NOT require GC to sign anything, only provide proof of 3 C/O's (certificate of occupancy) over the last year I.e. built received occupancy permission now unit is on market or habitable. 700+ FICO I can get you 80%LTC loan to cost on the project on ground up construction for 1-4 units.

Investment Info:Small multi-family (2-4 units) buy & hold investment.