I have a 7 unit complex under contract. 2 units are rented, 4 are in move in condition, 1 needs rehab. my question is, when im dealing with a bank/lender, are they able to use fair market projected rents (just like I did) when underwriting and evaluating the property for financing?  

But I still had to look and evaluate.

I may have gone to greater length's detailing the explanation for purposes of evaluating the use of the business method.  

I’ll be following you for more details as these progress.

I am a newbie although I have been throwing deals into the BP Calculator for over a year to gain understanding. I would like to purchase a multi unit soon. It seems that the greatest factor in the quality of the deal ...

Have you evaluated markets already out of state?

I’m looking at my income and tax brackets to determine whether I should contribute to traditional or Roth as the year progresses.

You also want someone who uses an online PM software for larger projects that you can login to to monitor progress and budgets etc. like Co-construct or BuilderTrend, 

I believe it is reasonable to expect at least some form of update and breakdown of progress each month.https://www.biggerpockets.com/member-blogs/9145/65780-syndication-25-faqs-by-investors

Due to this scarcity, time was on my investor's side as his home's ARV increased in value as the path of progress pushed northwards.