Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

I don't want to be surprised though as I go to buy additional properties just to have them say that I'm taking on too much debt even though my income can support it so long as I continue taking in rental income.  

Whether your statements are true or false, whether we have evidence to support or deny a claim, it will never be something blasted on the internet.

Can your existing box support the addition?

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

Look into local rental demand—perhaps that area can support a short-term or mid-term rental strategy instead of a standard yearly lease, which might boost your income.

Then there is city approval and whether they want a 2 to be a 4 (seems like the nearby properties might support it).

I recommend reaching out to BP support for assistance.Additionally, it might be a good idea to connect with investor-friendly agents during your search.

Don’t buy more than your job can support.