And even tougher to get it financed.. from what I can see the only folks that build new are subsidized housing in some manner or  big tax credit plays something other than normal economics.

@Tannia CastroWelcome to the exciting world of rental property investing, Tannia!

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

Also, I am considering alternative financing options (beyond Hard Money).

I'm thinking about buying a property in NC.

Financing depends on your scenario and what type of property you're purchasing.

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

We've built, ground-up, several homes and my mortgage company finances tons of new construction projects.

Hello i bought a house for 75000$ and can get a loan on it for 155,000$  My question is hypothetically if i were to only get a 20,000 Loan From the 155,000$ loan and never pay it would they foreclose on my property and i would loose it for not paying the 20,000 Loan?

Hello BP Community, I am under contract to purchase a new construction home as an investment property and I am the RE Agent.