On most small MF that get listed for sale, the owner lost interest years ago and management attention is in a steady decline until something triggers the sale.

This could be a dollar amount or a percentage.

I love that you have specific goals for 2025 - I believe if we think it, write it, say it, and share it our goals are 10x more likely to come to fruition.Are you able to do option 2 and just house hack a 2-4 unit building and use a renovation loan which allows you to put down 3.5-5%I highly suggest getting to some local chicago meetup groups (we have an in person one on the 17th)...here is BPs list: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a full list of the chicago meetups that I can share with you too if that'd be helpful.

I lost thousands of dollars dealing with this company. 

The builders loan couldn't approve us for the amount we need to get, but we had a loan broker find a loan for 10% down DSCR with a 2nd home status instead of investment home.

Why do you think purchase contracts are so long and have such small print?

Are there other options that could be better for a construction to perm loan (not through a traditional bank)???

Most small landlords will choose $1,000,000 in liability coverage, but in my experience, you can ask them to increase this. 

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

Your first step is- Get approved for a loan (unless you plan on paying cash).