All 4 are booked for thanksgiving but 3 of them booked late enough that they received the late booking rate.   

Im at a 780 credit score , under 10% utilization, 13-14 positive mix tradelines 0- late payments but I cant get into the 800's and its because my old morgage is no longer showing . 

@Rafael Ro And one other thing I failed to mention turnkey is a buzzword often used for marketing, but few companies truly deliver a full turnkey experience from start to finish.

Also when it came time to pick the finish products (tile/stone/fixtures/etc) I would request getting the manufacturer, the model #, sku#, picture if possible...everything.

All require the "lender" to be licensed in the state, for borrower to have no mortgage lates or hiccups, have different rules and change the rules whenever their investors (not government MBS these are big guns investment firms with pulse of the location where your property sits) see clouds in the sky.

You could build that in phases and finish the first 4 and then get your lender to do a construction loan on phase 2. 

Sorry for the late reply.

What is common and what people expect and by people I mean the people who would live in that finished unit not the peanut gallery.

I like it and the numbers look decent.Pro Forma is 7.21% and CoC ROI is 10.04%.However one of the tenants is late for rent ($1,000 in late fees this year), a smoker and their unit is hard to even be in.   

Or, once you finish your exchange you can immediately do a cash out refi, which is not a taxable event and you can use that for any purpose you want.