So happy for this young man and his young family.One of my bizz partners years ago and mentor.. ( he was President of a fortune 500 company) we belonged to the same country club in Napa.. him in his mansion on the Hill me on my house down in the low lands..

Shoot me a DM if you want some help with finding a condo or house with a low rate that's on market.

I'll see if I can use some of this because I get almost no Airbnb bookings unless I drop price way low.

There are quite a number of things that can make utilizing an FHA loan more difficult such as more barriers during appraisal, appearance of low qualification/little cash, typically longer closing period, likely higher interest rate, and PMI cannot be dropped without a refinance if 3.5% down.That said, just chain 5% down conventional loans, and make sure your duplexes pay for themselves.  

I like strong MSA's, high rents, & low purchase prices, to maximize cashflow & cash ROI. 

As you can tell marine the appraisal came back 40k low and I was so dumbfounded.  

Quote from @Bonnie Low: I love seeing your company's growth @Allen Duan!! 

When loans were called, was it due to specific triggers like delinquencies, insurance lapses, or low-interest rate portfolio loans held by smaller banks?

But, this will be front-end weighted and gradually slow towards the back half of the year.

I don't work in Nashville area but $165 per sq ft seems quite low to me.In terms of financing, I would speak with a few construction lenders and also hard money lenders.