@Bryan HarveyJust realize they provide high returns but it’s my understanding your investment is an unsecured loan.

DCSR Loan

Since you will be renting it out you should get a conventional loan.

Hey @Jaycee Greene, we typically get loans from smaller local banks.

Good call, Noel—licensing and insurance are critical, but in Tennessee, a contractor’s license is generally required for projects totaling $25,000 or more, including labor and materials (See Tennessee's licensing requirements).

Are there other options that could be better for a construction to perm loan (not through a traditional bank)???

Just because you get a loan approval does not always mean you should move forward with it.

What about the second and third year when you no longer have the labor-intensive initial setup?

The other contractors that I have worked with gave me a full scope with detailed line items of what will be fixed, how much the labor is and how much the material is going to be.

You're going to lose your loan from what I understand.