High interest rates reduce buyers and increase demand. 

DSCR loans/lenders should uniformly take the lower of actual or in-place as a pretty firm industry standard underwriting guideline. 

That said, I kind of agree with her since it's a standard dlease (19 pages long!).

Here are some steps to get started:Market Research: Identify areas with strong growth potential, low vacancy rates, and high rental demand.Financial Analysis: Evaluate the cost of construction, potential returns, and your financing options.Legal Considerations: Understand the zoning laws, building codes, and permits required for new construction in your chosen area.Sustainability: Consider incorporating green building practices to increase the property's appeal and long-term value.The Bottom LineWarren Buffett's investment in new construction underscores a broader trend in seeking alternative avenues for growth and diversification.

To comprehend existing circumstances, trends, and possible investment sectors, do in-depth market research.Conventional standards such as the 4% or 1% rule may not always be applicable.

While many HMLs will not lend to a newbie, the industry is becoming increasingly competitive, so a growing number will. 10% down should not be a lot to ask.As hard money will cost more than your HELOC, you'll need to find a better deal.

This increases net commissions. 

Are they a pain to service compared to standard machines?

I'd say for both markets some things you'd definitely want to have an idea of would be Median Sales Prices, Median Rent Prices, price-rent ratio, days on market and then also % of price increases for the last couple of years.

However, there are creative ways to increase margins such as building ADUs ground up or converting garages into ADUs.