In my opinion, it can be a sign of builder/investor confidence in a given area if they're willing to put up the capital to build new homes in a given area: they believe there will be enough demand to sell their new products.

In addition to this commercial unit, I currently manage a portfolio of five residential and commercial units, which has allowed me to gain hands-on experience in property management.My approach focuses on maximizing property value through strategic enhancements, ensuring tenant satisfaction, and implementing efficient management practices.

The product is called a Bridge Loan. 

After minor renovations to enhance its appeal, it has consistently performed well on the short-term rental market, particularly on Airbnb, where it maintains a high 90% occupancy rate.

I'm a product of BP through and through, was on these forums figuring out how to house hack after we already were in contract on a duplex, all the way through making it the foundation of my current business. 

Once updated, the building will provide modernized living spaces and support a significant rent increase, enhancing cash flow and property value.

By emphasizing my ability to close quickly and outlining my plans to enhance the property’s value, I was able to secure the deal at favorable terms.

This development aims to enhance housing options and significantly increase property values.

If so conventional will be better because FHA/Conv guidelines are the wheel house typically of mortgage broker and some times banker (synonymous names but they all do and sell the same product).Credit unions can sometimes do Fannie Freddie/conventional FHA too but generally aren’t that great at them.

These enhancements significantly increase the property’s functionality, appeal, and income potential, making it a cornerstone of my portfolio.