In this day and age I can’t imagine they’d give you a loan if it was revealed .

I'm not familiar with the area, but a quick search revealed it to be a higher end community. 

She has the equity in the house in order to take a line of credit or re-fi in order to get the construction loan and in my mind, if legally possible, it's a no brainer.I used a tool called "Cover" which was looking to market to me for their services, but it did reveal that I can build up to a 1200 unit in our backyard.Hoping I can get some insight here as I am just starting to learn more about REI and this particular application is slightly more complex.Thanks

With Cash the property is as good as sold --> with Conventional the buyers inspection may reveal issues but those for the most part can be kept and worked out between the buyer and seller ---> with VA loans the VA inspector comes out if something is found not to standard it can essentially derail your loan process........... that's why it is typically not preferred when compared to other loans...

Don't be afraid to walk away if the due diligence reveals major flaws in the story, but also don't hesitate to make a lower offer price to make the (actual ARV) numbers work before you do walk away, if that's the case.  

I have pro forma statements that I can send to you revealing what you can expect for income and expenses for certain homes in certain vacation home communities. 

However with commercial properties that seems to be a disingenuous tactic - just assess a ridiculous amount so that the transaction price will simply reveal itself... 

A BP poll a few weeks back (on how you got started) revealed many investors actually lived in their first rental. 

Spot-checking it revealed that it seemed to be pretty darn accurate so I decided to go where the market is rather than where I wished it was. :-) I am looking into Kansas City now which seems to have a lot of potentially good deals.

Let's see: this is your 3rd post, you don't reveal your last name and you upload your favorite college's logo.