I have one more key question: Since I'll be starting my first-year job upon arrival, banks might be hesitant to lend to me initially.

So if he were to rent it out wouldn’t that show up on his taxes and say if the bank finds out and is okay with what would he do with it on the tax side of things would he report it as soon as it it’s in service or what would he do for tax purposes.

@Jay Hinrichs exactly the risk is even more than traditional development and the profit is actually less with more operational headaches.

And as my core commercial banks understood that I doing everything i could to protect them.

2) Are you pre-approved and have the down payment in your bank account?

Quote from @Stuart Udis: You can also reduce your transactional costs by using a bank construction to permanent loan with an earn out.

Generally speaking, with SFR or small multis, I just rely on the lease/rent roll (and some form of proof of payment; i.e. bank statements, deposit receipts, tax returns, etc.). 

So I get that "lag" almost every time, plus I deal with our corporate bank... so they always have that lag. 

With those numbers, have you checked with a local bank or credit union?

•On the flip side, a bank savings account offers one of the lowest interest rates and returns on investment, but it’s also one of the safest places to store money.