I have heard there are FHA construction loans but that they are pretty restrictive and do not allow for multi unit construction.

And even then, the life cycle is generally pretty long from first contact to closing.  

I'm not an SME on immigration law, but I know that you can get burned pretty badly if you run afoul of OFAC and AML stuff. 

@Jason Wray, The reason that our shop is pretty hot about your post is two-fold, we do all of the things that you are implying that we don't (other than government loans, we don't work in that space). 

It works pretty well for my portfolio.  

@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.

I know the KC market pretty well.

Hi Ivan,After investing for 20 years, I’ve seen lenders get pretty creative to make their money work.

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

Pretty catchy IMO.....