I have not started looking in those markets yet, but based on everyone's great input on here I definitely will now. 

Hi Ryan,Typically construction financing isn't based on your taxable income and rather more contingent on your experience, FICO and the deal itself.

Then make your decision based on information.  

“A new Michigan law bans many landlords from rejecting tenants based on source of income, like housing vouchers, veterans’ benefits or Social Security.Gov.

It's a 3 restaurant package in West Virginia (where we already have a base) and includes 1 piece of real estate.

I never thought about maybe they are assessing it based on wrong fundamentals such as you said.

For any value add project, the primary evaluation is based on the numbers.Provided you have trustworthy teammates for the renovation side and a competent agent on the valuation side, you'll perform no matter the location.It seems your weighing factors that relate more towards long-term investing and where your asset will appreciate the most.In respect to emerging markets, you'll want to use characteristics like population growth, employment growth, safety trends and path of progress.

Jeff and John are extremely reasonable and may give you a handful more great ideas based of what your end goal is.  

There are too many factors to consider to just provide base rates for what you're asking. 

Also looking to build a solid Long Island based team (Agent, contractor, lender).