Quote from @Mary Holland: I'd love to hear about your experiences and how they compare to other types of commercial real estate financing.

Curious about your experiences with the market, occupancy rates, and overall returns.

Can someone share your experience or point me to the right place?

My experience with the smaller multi-family units has been that more occupants = more wear and tear on your property so the turnover costs are often higher than SFH.

Does anyone have any positive or negative experiences?

out of 100 HML maybe 5 do new builds.. and zero will do loans for someone with no experience so that is going to be the key if you have experience or not.. if not they then like to see an experienced GC on your team. 

I used to cold call, skip trace, send mailers, and don't get me wrong you will get success from it like James above, however as you gain experience you will realize you need deals faster, easier, cheaper, and with more "meat on the bones" and in order to have that you need constant deals flowing through your eco system and that's hard to do with mailers, cold calls, VA's and skip tracing etc.

Do you have experience at new construction or rehabbing?

I run a MTR out of my primary bedroom and would be happy to connect and chat about your plans and what my experiences have been. 

However, after you get some experience, you probably want to get a Private Lender since this will allow you to keep the majority of the profits.