I am a teacher and my husband works in construction. 

You can't find new construction in Milwaukee under $500k for a single family, most are now 550 to 650.

So it's more-so there a construction/maintenance company, who uses a PM offering as a lead gen and capture device to drive sales. 

Creative financing doesn't involve the bank, the appraiser, the inspector or concessions generally speaking.

I’m an inspector too so we could talk shop if you want.

It’s a fair point—housing construction has lagged for years—but does that excuse using tech to potentially exploit renters?

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

Some syndicators have so many fees (acquisition, construction management, asset management, capital event, disposition) the syndicator is going to get rich even if the deal produces zero return for its investors.

I do see many investors incorporating a similar strategy with new construction builds, heavy rehabs, or in instances where the property was bought far below market value (usually a wholesale type transaction).

This isn't a lending requirement but have some boots on the ground other than just the construction company.