@Jehn Gir What town is this project in?

They will give you a normal mortgage + construction funds for your project.

When do you project rents will increase enough to break-even?

We closed on one piece of land in Columbus Ohio for a 54 unit apartment hotel project (bookings under 28 days permitted) and we have a secondary site which is under contract to close in June.

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

Find a good lending partner that is comfortable with lower property values both on the purchase, as well as knowing a group or two that can financing projects under 100k on a 30 year fixed.

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

If you have insights, I’m all ears.Long-term, I’ve had deep conversations (mostly with ChatGPT) about eco-friendly building and infrastructure projects.

On the other hand, running ducts in an old construction will be a huge project and I question 30k for the whole system in a 2800 sqft house. 

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.