In order for the subject property to qualify, 75% of the total market rent must exceed the total monthly payment.

Please correct me if I'm totally off--but--didn't we work together 4 years ago at S&J?

Depending on what your experience is like, you might be able to get a hard money loan as low as 8% interest that finances 90% of the total costs (both the land and the build).But definitely try the banks first because the terms are always better there.

Equity investors put up 80-90% of the total capital and get 50% of the total profit.

The deadline is very strict, and the custodian must receive the money by the deadline.If it's anything other than A or B - there could be some important complications.Once you acquire the property, ideally you should limit your personal use to no more than the greater of: 14 days, or10% of the total days you rent it to others at a fair rental price.If you exceed this number, your tax deductions will be limited.And when I say "personal use" it does not mean just you.

In order for the subject property to qualify, 75% of the total market rent must exceed the total monthly payment.

I wasn't totally sure.

I looked at the spreadsheet I was sent by the lender, and it shows a loan discount fee and an origination fee, both together totally $2200

We had about $3k in unexpected costs + holding costs +  a few changes that upped the renovation total.

Paid for the whole house in total.