They were seeking secondary homes for their family that could be rented to help offset costs and didn't require an immediate or transferrable permit.

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

Does a cost seg or bonus depreciation actually help you in any way? 

Attorney’s Fees; Collection Related Costs; Jury Waiver.

Thanks @Iris OlivasI did some searches and ended up on a site that provided state by state listings of Private Lenders some of whom did 75k and up. 

Quote from @Paul LaValley: I live in Tucson and know Tucson really really well so I want to start here and then jump up to include Phoenix area. 

They’re upfront about timelines, costs, and any hiccups that might pop up.

I think what they are looking for are those that are using an LLC they made up out of thin air.

How much is the rehab going to cost, what's the ARV going to be, and how much will the property rent for?

Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?