:)If you are going with some kind of commercial construction or rehab loan or have private/HML in place none of that is relevant.For the multi which of those units will you be living in since you will need to reduce the rent roll by that amount.

I dont know any new construction guys, but I will ask the rehabbers I have started to network with if they know anyone who could partner with you.

If I had to pick, I would do a appraisal pre-construction and a BPO post construction (or CMA) to choose listing price.

I also have a 25+ year stellar reputation in construction in our area.Mostly I wanted to throw this out there to just let others know that it IS possible, BUT also VERY dependent on those long term relationships and having great finances even if not available for the project at hand.Dan DIetz

Some neighborhoods you can stand on a street and look both ways and see 3 or 4 houses under construction (infill developments) and most are already pre-sold before they finish completion.Now, obviously the OP and you were discussing areas up a little further in the county, and as you mentioned they are quite different than the areas I am talking about, but I think the biggest difference comes from people tired of the commute into DC from areas further out.

I do work full time don't plan to quit I work construction so I think I might have a leg up with reno.

Should I go arm 30year 15year interest only 203k construction loan?

I'm also constantly building my construction contact database, looking for new JV partners and investors, and always open to entertain new investment ideas.

The contractor I am working with wants 50% now and 50% when its done.Question#3 Do I need any money upfront to get the construction started?

I'm starting over after a divorce and now own a new construction duplex in Indianapolis.