We are just so far in now I am trying to get this across the finish line...

Bottom line: the tenant doesn't get to decide how to pay you.

as @Marcus Auerbach alluded to, out of state / remote / out of country investing is difficult... do you have everything else lined up?

It felt like everyone I found were self-serving, looking to line their own pockets, or not willing guide because of fear of competition.

@Dustin Sanders We have a couple of options that can still do a 15% on DSCR, but as Stephenie eluded to above, everything else has to sort of line up in a perfect scenario to make it work.

So that's a silver lining at least.  

You can adjust them and shorter PPP's tend to have higher rates than long PPP's so keep these in line with you strategy with the property whether you want to hold long-term or refinance in a few years.If you're still looking for financing I'd be happy to help.

Portfolio Approach – If you plan to build more homes, some lenders may approve a construction line of credit based on your overall experience rather than just SFRs.

Luckily my agent lined up another buyer right away.

Beyond the bedrock issue, soil conditions can be costly if the property has problematic soils such as too much silt, deep topsoil, or extensive wetlands.You'll also want to know what ordinances are going to affect your budget - things like tap fees, tree ordinances, storm water retention policies, etc.Bottom line is that you have to investigate ordinances, off-site conditions, and on-site conditions before you can even begin to budget your development.