I am not sure if an attorney review will help with this, specific, basic level of knowledge.Just like an attorney likely won't call out, from a legal perspective, that you are investing with a sponsor who is 23 yrs old and been a residential loan underwriter for 8 months before trying to piece together a syndication.  

I currently have a 5.5% interest rate on my loan for the 10 unit building.  

I’ve considered a construction loan to build everything at once, but the stringent conditions and potential delays make me hesitant, especially since this would be my first time seeking such a loan.I would appreciate any advice on the best way to make this work.

The loan officer came back and said that the sq ft was approximation and the appraiser doesn't want to change the sq ft or redo the appraisal.

Example, lets say your Roth IRA purchases a property for 100k, with a 50k down payment from the Roth IRA and a loan for 50k.

At that price, I suspect they don't get very many students at once. well i dont personally know. but when i was doing loans for Armando Montalongo's students and Nick Vertucci students at the 40k event there would be at least 200 paid participants. and about 350 to 400 folks in the huge conference rooms and then about 10 break out rooms to discuss other real estate niches. 

I have a question about loans and how that works.

A DSCR loan is one of them, but with the rent only being $700, chances are you'd need to go with a no ratio program to make the numbers work.

Depending on where it’s coming up in the loan file you may be able to switch to a lender that doesn’t need that. 

Construction can have unforseen costs, construction loans for rounds of funding can be more expensive over time, rent markets can drop, vacancies in market can increase.Typically entitlement phase of land most risk, followed by development, followed by vacant building turn around, followed by half vacant building, followed by mainly full building with value add component, followed by brand new building with market or below in place rents and everything new with good location.Along that spectrum of course you go from heavy equity upside potential to mainly just the cash flow return and hopefully price appreciation over time.Investors have to decide on the spectrum of their risk assessment to capital over what period of time how they will allocate between all one type of investment or multiple and what percentages.