A new construction loan Might be more difficult to qualify for than an existing structure loan.

@Jay RitchieI came across this website which I think could help you: https://www.leadsafechicago.or...If you qualify for the city's programs, you may be able to get it done for free or at a discount.

They will qualify up to 250,000.00 based on your home value.

You probably won't qualify for AppFolio but they started to allow corporate accounting now. 

They may say - "pay off the second position loan in part or in full, or you don't qualify for this refinance." 

I'm trying to buy my first investment property with ~$100k saved up.My brother started his first W2 job last month that pays $45k/yr+ commissions.I plan to get a minimum wage job/an entry W2 job since I'm still in college and to hopefully qualify for a bigger loan.A lender estimated we'd be eligible for a $300k loan with $100k down, and a $2,500/mo payment on a $400k property with only my brother's income as of now.California is too expensive for us so I have been looking into out-of-state investment properties.What would be the best investing route for us to take to grow our wealth?

We're the only PPL company in the U.S. that phone-qualifies each lead, guarantees contact with the homeowner, and guarantees a below-market asking price from the home-seller. 

The cost of changing a light bulb is quite a bit more when you factor in travel time to get across town, vehicle cost, a qualified person on payroll with benefits, overhead cost for the office to deploy that person.

As a concerned neighbor we are desperate to find a more qualified owner to improve the living conditions for these residents and avert any pending disaster.

The bank won't transfer the mortgage unless they know you are fully qualified to handle it.