You didn't find the property, you're not doing the rehab work, in fact are going to delay and interfere with the rehab by moving in while it's still under way.

However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.

“Lot of Excess Cash” trying to find a homebefore it gets devalued and before Interest rates go up further forfuture development.C.

Either to partner or find other financing options. 

Credit score and loan size can also affect what rate you may find. 

Find out why, see if you can learn/hire to fix that problem, and you might have found your niche.Do you know anyone or have a family member that is licensed in one of the trades? 

There was something in it for both of us.You have to find some sort of common ground or gain a lot of trust to show how serious you are about this.

Managing your own property and finding tenants is a great way to gain hands-on experience.

I’ve always felt that if I find a property in an area where "I’d want to live," is usually a good sign, but I’m curious how you go about underwriting a deal.I’m in Phoenix, and I’ve been looking at the surrounding cities too.

I have a few PM companies I work with in the Phoenix area, I don't know if they all do the admin fee but I can help you find out that info if you are interested in chatting with them.