They said they'd accept a 6 month term instead, but they're not being very forthcoming about what their sales record has been (I asked for the last 12 months just to get an idea, but they ignored the question :( ) and I'm getting a not-so-great feeling about working with them....The home is 2-stories, attached garage, 4bd 3ba, 2269 sqft and sits on a corner lot with a huge backyard (lot is approx .13 acres or 5662.8 sqft).

I'm hopeful we can find more productive ways with less red tape in the future outside of LIHTC leveraging technology since standard construction really could use an overhaul.  

However, if you intend to work with a hard money lender or utilize a short-term loan product, you're on the clock for repayment, which can be stressful if things go sideways. 

We have a commercial 30Y fixed DSCR product that may work for you.

You can also enter that sales funnel earlier on and build with a build to rent developer directly. two strategies, depends on risk profile. happy to help at anytime. we partner with rent to retirement to sell our new builds to investors

It’s awesome to see your excitement for real estate investing, and congrats on your first land sale, that’s a great milestone!

The sale of our home will provide us with approximately $150,000 to allocate toward investments.At this stage, we feel most comfortable focusing on long-term rentals.

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

I wanted to be able to help educate people, especially the underserved community, about real estate, whether buying, selling, and assisting with the process of foreclosures and short sales.

What I usually see is that they start with the average $/sq.ft of the sales price in the area.