Yes, this is pretty normal - generally conventional loans like this are super competitive (since everyones essentially offering the same product) so shopping and finding some deals especially with smaller banks and brokers can yield good rates well under the "prevailing headline market rates"

.- Legal Options for the seller if the buyer does not make payments.- Visual/Explanation of how the loan looks on the HUD-1 at closing.Good Luck!

Additionally, find lenders who offer short-term seasoning options, which allow refinancing shortly after rehab completion.I'd be happy to assist! 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

There are lenders who offer construction loans for investment properties for exactly the scenario you're describing.

I am an investor in Memphis and we have several groups on FB and I see posts that offer these services all the time.

The on-island local contact doesn’t have to be a licensed real estate professional, unless he/she is also involved in real estate activities, like renting or offering to rent the property.And I've had at least one client do cost seg - if you'd like a couple referrals, you're welcome to contact me directly. 

Short Term RentalLong Term Rentals: They offer stable and predictable income once a tenant is in place and generally appreciate over time, adding to your equity.

I have offered that and they do not want to carry anything for more that two years.

I've heard that the down payment percentages for investment properties can be higher compared to primary residences.Specifically, I'm looking for insights on:The typical down payment percentages required by conventional lenders for investment properties.Any differences in requirements for single-family homes versus multi-unit properties.Experiences with different lenders and any recommendations for those offering favorable terms for investment properties.Any tips for negotiating better terms or finding lenders with more flexible down payment options.For context, this will be my second property, and I have a good credit score and a stable income.