Hundreds of hours spent listening to podcasts and reading books on and off during that time kept the dream alive and prepared me to take the leap when an opportunity came up.I had received my real estate license about a year earlier to make some extra money but we were hitting a point in our debt and near future expenses that I knew I had to step out and make something happen.

It’s 50% of the land providing 100% of the construction . welcomes first time investors Can you go into what this entails?  

Any tips on marketing or preparing a property near a military base for this kind of rental?

GC's are all very well prepared in contracts now post covid, so there will be job stops when there isn't $ to cover those job cost runs. 

If the home is occupied, there's usually 1 group showing scheduled, so you'll want to come prepared with your comps and ARV. 

Just be prepared for potential vacancies.My advice is to build relationships with university housing offices.

If you want the "best" rate, be prepared to pay for it.

This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.

Its a quick and easy addendum to prepare. 

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.