Since you haven't started the project yet, use this time to network with lenders to see who offers the best terms....seasoning, rate, leverage and pre-payment penalty terms. 

These are great programs to use and NY offers a few as well as a couple of Nationwide DPA's and grants.

If someone offered 3%, is that too high?

Staying ahead of the game by understanding how local regulations align with state bills like SB-9, SB-684, and SB-423 can open doors to exciting development projects.SB-9: Simplifying Lot Splits and Duplex BuildsSB-9 streamlines the process for lot splits and duplex construction, offering a straightforward way to increase property value and expand housing options.SB-684: More Flexibility for Smaller ProjectsFor urban lots under 5 acres, SB-684 makes it easier to pursue smaller housing developments, transforming overlooked properties and vacant lots into productive investments.SB-423: Faster Approvals, Fewer HeadachesNo one likes endless waiting.

It also has tenant and owner portals, which offers convenience for everyone.

Sellers had multiple "accepted" offers and all were placed in interpleader accounts. 

I find properties on the mls and send them to the agent with the offer price.

It's creating new ways to unlock property potential and offers a pathway to profitable investments if you're targeting the right neighborhoods.Here’s the deal: SB-9 allows to split a single-family lot into two parcels and build up to four units.

Come to think of it, though, I can't imagine why they wouldn't let me perform one just to understand how much I can offer.  

What are you offering?