ALTA survey, utility survey, etc.$100k per building, I'd say not usually. 

Alternatively, once you have a full time job (or an employment contract), you should be able to qualify for a loan and utilize a Down Payment Assistance program.

.$8,981 mortgage at 7%$2,918 expenses monthly 33.38% of Gross rental income (Prop mgt, maintenance reserve, utilities, Prop Taxes, Insurance, other)$6,852 NOI/monthly ($2,129) negative monthly cash flow..Same scenario with 50% down, $864 positive monthly cash flowNot saying it's the best use of capital or the only way to do it, instead providing an example using an available market opportunity to share what the numbers look like. 

Would you be willing to describe a bit more about how you determined your utility caps? 

S8 standard voucher amounts INCLUDE all utilities.

Utilizing my relationship with a great local lender I started the process of getting a secured line of credit set up against the 3 unit so I could pull most of my money back out.

I’m looking to connect with experienced spec builders who have utilized hard money lenders, private money, or even grants to fund their projects.

Looking to utilize my equity as necessary as I purchased during the onset of COVID before the prices skyrocketed.

Be prepared to show a lease, some utility bill, or credit card statement showing you live somewhere else.

You're on a great track - best of luck and definitely utilize BP as much as possible!