Hi Ryan,Typically construction financing isn't based on your taxable income and rather more contingent on your experience, FICO and the deal itself.

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

Hi all, happy new year!
We just joined Bigger Pockets & are looking to connect with others who do creative deals in Denver Metro & surrounding areas.

That's not even the tip of the iceberg; it's so far away.

How did you finance this deal?

How did you finance this deal?

Feel free to ask if you’d like more tips on what to look for in a PM. 

If not, you may not even be able to finance this on a conventional loan.

I’d really appreciate any insights, whether there’s anything I missed, any places you’d avoid, or any tips for STRs in this market.

However, I don’t yet have the funds for a down payment on another house, and I’m trying to figure out the best option for where to live while I rent the apartment.Do you have any recommendations for managing this transition or tips on finding a temporary place to stay?