A buddy of mine who invests out in Phoenix once had a client facing a similar timing mismatch on a rehab project.. they ended up working closely with a local credit union who was more open to interim valuations.

When I learned about the situation, I knew I wanted to help preserve the family property and also create a solid investment for my future.

Then you will be stuck with a potential rehab project.

Or, have they adjusted their project to accommodate a higher interest rate environment? 

The brokerage should be very glad to have you onboard.I'm looking forward to your future posts as you share your success. 

Will you also be using it for yourself, future appreciation, etc?  

What kind of ROI i should look at, considering project completion will be 3 years roughly?

@Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?

For that same capital, I can buy a run down project and renovate.

@Brian Glasser is a solid agent/project manager in KC and has done dozens of BRRRS himself there.