@Zen Johnson pre-Covid, pretty good overall.

Estimate utilities and figure out who pays them (separate meters, landlord paid, etc)5.

Quote from @Tangie Pate: Has anyone purchased the Lee Arnold System and used his pre-trained virtual assistants? 

This is insane that these guys got that large of deposits on a pre sale rental house construction sent directly to them. 

American Banks (like BofA and Wells) actually did lend in CR pre-2008 but that possibility disappeared after the crash.

Well, I went on property radar and after looking at their pre foreclosure category, I soon found out most of their information was outdated. 

No problem with down payment but will need conventional load which is not a problem as I have been pre approved many times just did not find right property.

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

A savings of $35,976.14 (46.3%).So ... we could save almost 3% more in total interest paid, by simply prepaying the original loan using the funds which would otherwise be required to service repaying the LoC.If your mortgage is such that you can only pre-pay once per year, then the lump sum approach would be necessary.  

Of course, what they paid isn’t going to take into account the money they have spent on renovations or remodeling, which can be substantial.