Points I can roll into the cost and don't mind a buy down if necessary.My primary concern is the bleed rate monthly for the build, Airbnb stabilization and the year after while we season it and prep for final financing for long term hold.

It looks like you are doing an affordable build based on the cost but hard to say since you didnt provide info on the build itself such as square footage and finishes.

If saving 20% and building direct is worth it to you I'd recommend it.

Build a team with all that time in the morning and and the time you have by walking up early etc. 

@Josh Young - Are there opportunities to buy new builds for investors?

HOWEVER, there are two completely separate apartment buildings on the lot. 

There is no way I can build this and come out overall profitable.

Hello @Hudson Filippi FHA does have a One Time Close construction loan that will allow you to build a home.

@Chanel Snerling not sure why you are so focused on building?

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.