The home has great bones, but needs a cosmetic flip.

Even though we were disappointed that the rehab was not complete, we thought, the rental guarantee will offset the construction delay.

The property is a new construction in a build to rent community.  

We're doing a ground-up construction project in a booming spot on the Pacific Coast of Mexico.

The investors that I now work with find that new construction 1-4 unit is the easiest way to find this property.  

new construction homes everywhere. many people waiting on the fence. once the rates drop its going to get crazy again.

Property details: 3 bed 2 bath both sides with attached garages, aluminum siding, copper plumbing, 1972 construction, separately metered, all electric water heater, range, dryer, public water and public sewer on a slab foundation in a great school district right next to brand new construction everywhere.

But it's a lot of extra stress living with small kids in a construction zone.I will say, I am probably not repeating the process as the returns don't seem enough better than the stock market to warrant taking time away from my family. 

Since you will be the guarantor for the construction loan, the lender will expect you to have ownership interest in the real estate. 

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