Do I draft the contract price for higher than the actual build price that would include our estimated profit (sell price) or would a separate agreement between the lot owner be sufficient enough that outlines the deal since we don't know the actual sell price until it goes to market?

ARV can be somewhat subjective and lenders that uses an appraisal for hard money loans will defer to the appraisers opinion. 

Thanks, HELOCs the way you want them probably structured as a DSCR do not really exist to the best of my knowledge, you can do an investment loan heloc for a super high cost, but you will be subject to a traditional conventional underwrite.

I’m curious, though—have you run into issues with the due-on-sale clause in Subject-To deals?

I'm in the Charlotte,North Carolina area and looking to get into the laundromat business if you have any advice or knowledge on the subject please let me know.

To what degree have you invested your time on this subject?

Starting with BRRRRs and creative financing is a fantastic way to build your portfolio, especially within the local counties you’ve outlined.

For DSCR, it's usually slightly higher than the conventional route due to it only looks how well the subject property rental performs + credit vs conventional where it requires credit, income, assets to be reviewed.

You can buy it Subject to the existing mortgage, have them deed the property to you, you will catch up their areears and rent it out. 

One more I can add is the note investor who thought that holding the note gave him the right to determine how the subject property was managed, with approval of tenants, leases, and maintenance contracts.