I am set to close on it in about two weeks and am slightly nervous about finding a tenant in a good amount of time, given that there are a lot of similar new constructions in the same community that are up for rent but have been sitting on the market for 30-70+ days. 

They act as a fiduciary, and they charge a flat transaction fee regardless of investment amount.

There is no specific amount of days either that the guidelines call for that you occupy the property.

What is your price range/down payment amount?

Minimum loan amounts vary, but the product we work with most often starts at $500,000.

The amount I can put in is 20K-40kI am waiting to hear back from the builder on the estimated cost of construction.yes, I own the land. 

I've seen programs that go down to a $100,000 USD loan amount for foreign national DSCR loans.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

With that amount saved up you could buy something and still comfortably make cosmetic updates and have reserves. 

As I was driving and not doing my daily job, it gave me some time to reflect on how much time I could get back for a seemingly small amount each month.