On a Fannie Mae loan, your scenario has a major Loan Level Price Adjustment (LLPA) of 4.125% for a second home with a loan to value of 85.1% to 90% plus a hit of .75% and another for .25%.

Consider local banks and talk to their commercial department. 

You can always include the cost of the land into a construction loan but if you purchased it already it can play in your favor.At the bank we do all of the work you basically apply for the construction loan and the Building department along with processing sets up the entire process.

Most are in the 1,000-10,000 acre range.Probably the best way to leverage solar (photovoltaic or "PV") panel farming is to own land and get a major developer to lease it long term for panels.

Ideally, an individual landlord who self-manages a 2-8 unit property where you rent the majority of the building. (2) Creating a valuable offering: In business, you have to think about the problems your target customer has and then find a way to profitably solve them with a valuable offering. 

Nieto1- no2- most of Southern California, and east coast major financial / political cities - NYC, Boston, DCThese markets have always been good as they have high incomes and are desirable places to live.

And I reckon you're feeling that too.You're not alone – even with professional property management, I had my fair share of eviction dances and other major hiccups.

Unless you're making major money on this, I would think again.

Also, while the work to be done on the house is not major, I was hoping to have the house pay for it.If a lender will do a DSCR based on a Section 8 proforma, that would be great.

But I feel those that don’t learn other strategies will be left behind in this new market just like they were in the last major shift in the market. :-)