So here’s my situation. Currently Renting (Sold a fix n flip a few years ago) looking to buy land with cash (30k or so) and put a new modular home. A couple issues with Credit/income on paper. Without too much detail ...

This sudden jump in rates has not fully caught up with market cap rates yet since especially in the commercial and multifamily property markets, transactions typically take 6 months to transact, creating a lag effect between interest rates and market cap rates since interest rates adjust daily.

To fully illustrate this, there was a poster who was looking for 100% financing for construction in Philly but also wanted the lender to advance costs for the initial phases of construction.

Therefore, your request for a Type 2 STR exceeded the maximum 12.5% blockface density and the only way that staff can approve this request is for the Board of Adjustment (BOA) to grant a Special Exception for the rental.Based on this information your STR permit has been cancelled.

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

Economic pressures forcing landlords to adjust rental prices to attract tenants.For renters, this means more flexibility and savings, especially in historically competitive areas.

When you said  "New Construction" I was assuming, wrongly" that you meant buying a newly constructed home and perhaps thinking you were getting some kind of bargain that created equity. 

Determine if the area can support new construction.

Risk adjust to 12%.2.