I would finish 4/6 rooms down there with proper egress and optional ventilation.

I wish the appointment was with him... its with an attorney at his firm, hopefully this attorney has a lot of experience and gives we several legal options... not another sales pitch. 

I have spoken to NW, but I am unsure I agree with their ARVs and Comps yet still exploring that option.

As first-time landlords, we considered self-management, but as new parents who work full-time, we decided that hiring a property manager would be the best option for long-term rentals.3.

Another option is joining real estate groups on Facebook or LinkedIn.

Happy to chat...being a local GC takes out a lot of the risk of the biggest variable for most investors (unpredictable rehab costs) and also allows you to consider more options than the average investor, with your rehab costs being significantly lower.

It’s more about offering a different option for owners who need capital, and offering investors to access the world of real estate investing fast and smart, like never before. 

I’m new to all of this and looking at 401k loans and HELOC as options.

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

They don't allow auto payments or automatically add late fees, and tenants would have the option to pull their payment back, which is not ideal.