Baselane is a popular option with some good features, but definitely newer.

Let me know if you want insights on financing options!

I was thinking I would give them like 90 days notice w the option to stay for a temporary rent reduction through construction phase. 

Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.

I know this can vary, but any ballpark figures or advice on funding options would be helpful.

Related to that is the question of lender appraisal, even at a reasonable cap rate it will probably take a portfolio loan.You can try a lease with option to purchase.

I'll explore my local credit unions to see what options do I have with them 

@Michael Anderson you have two options:1) Create an Assignment of Lease from you to LLC2) Have tenant sign new Lease with LLC.Really only an issue if eviction or some other court issue.

Quote from @Mia Baltazar: I looked into several companies before and found FILAM as one of the options. 

I am entertaining this, as a passive option, just wondering what other people's experiences (and returns?)