This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

But I purchased land in cash and leveraged it to build a new construction stick built home.

@Robert EllisAre you leveraging construction-to-permanent loans or private funding?

So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?

I have a bachelors in Construction Managements and run substation electrical jobs for a living while my wife is a stay at home mom with the kids.

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. 

I could also add there is often construction in central Houston and it does cause unforseen issues. 

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

No requirement to be in the inner circle other than to get the 100% funding up to 65% of ARV, otherwise it is 90% of acquisition cost + 100% construction costs up to 65% of funding.

LTV dropped to 50%. 30 yr fixed @ 4.3% LLC (2)• Investment condo - new construction high end purchased in 2019.