Dont forget the cost to demo existing home, pre HUD homes are illegal to move in some places.

Also, do the math - does demoing your current house + paying off the current mortgage immediately, then getting a construction loan make sense?

I tried to use Ross's offer toward the end of this thread to demo v5 but support didn't go for it. 

.====  How to trial a system- Try their demo logins. 

The inspection hasn't happened yet, and we haven't had a contractor walk through, but I'm thinking ahead to next steps.Do you folks have guidance on what exactly you communicate to your general contractor for what you need in a rental when you're looking to redo a a decent amount without any demo or major overhauls?

He's charging me over $15K for demo!

New bathrooms (2), new kitchen, relocated the laundry room, new floors, paint, AC unit, etc.We had a heck of a time demoing the house and redesigning the layout, but other than that this was a super easy and fast project.

Contractors tend to do all demo at once.

Phase 1 - demo of a greenhouse sitting on part of the land - site utilities and 12-unit building turkey construction budget $2,043,100.00 -- $2,177,500.00The estimated rents would be approximately $1k per unit on average for mix 1 2 & 3 bedrooms- I feel like construction is so expensive and the market doesn’t support higher rents from what I’ve researchedShould I : 1) try to partner with the local government for affordable housing loans and grants?

Looking to acquire a mixed use property in Morris County NJ - this is will be demo & reconstruct property so once the property is acquired we will be applying for variance / permits etc. with the town that may take ~12-18months to get approved.