Should I lower the price?  

Some rehab loans offer 90% of the purchase price and 100% of the rehab costs.

Prices remain relatively low, but appreciation may be slower.Monroe: A mix of cash flow and appreciation potential, Monroe has become a popular choice for investors, especially in areas where new developments are popping up.Appreciation-Focused NeighborhoodsBallantyne: A well-established area with high demand, Ballantyne offers excellent long-term appreciation potential, though cash flow opportunities may be limited.South End: A booming urban hub with a vibrant retail and restaurant scene.

I know that I am taking a huge risk by wanting to build but the existing properties are either in areas I’d never live in or too far away from the Metro Detroit area and I really want to come back to the city in the safer parts before I’m priced out in the future. 

Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

Plymouth is an amazing spot to own a rental but making the numbers work is challenging at current prices.

I wouldn't think it would take a private lender (which is much higher priced) than a typical mortgage broker's rates.Is there a reason you think you need a private lender?  

The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

I live in Hawaii so finding a Multifamily is going to be a little out of my price range haha but thanks again!

@Jaycee Greene Price range probably up to 350k ish