Quote from @Joshua Thang: Yes 2 closets, minimum height requirement met, it's bigger than the bedroom than the other rooms that was considered a room, 1 window, and 1 door.Personally, I'd have the loan officer do an onsite walkthrough of the house and document the third bedroom for underwriting.

Hey @Austin Wolff - You bring up some good points about knowing the house better than anyone when you build new if you are actively involved and onsite regularly, but I'd get behind @Jay Hinrichs, in the sense that the numbers don't always allow you to build new.Here in Chicago, new developments are super pricey, and even the BEST DEVELOPERS HAVE SLIM MARGINS. 

I would suggest staying along the train lines and also looking for rental friendly areas.

Partially so I can buy some cool manufactured homes and place on site of a single family homes in single family zoning. 

We have a policy we meet all our borrowers on site to shake their hand and walk the property before issuing a term sheet.

Our strategy was finding independent residential cleaners and training them on STR processes.From what I’ve observed the economics of small town cleaning businesses aren’t great.

Often, the on-site agent will assist a buyer's agent who doesn't know much to get through the transaction because the agents on-site who work for the builder are on salary.

There are onsite recreational facilities.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

The students though, after paying big money to be mentored, do not receive personal "one on one" training anyway, that they thought they were paying for.

These are professionals with additional training and a stricter code of ethics.