But also look at your cost base on the property.

These loans focus on the property's income potential rather than the borrower's personal income, making them ideal for investment properties.

I've never been to Ohio and wondering if Mansfield is a good place to invest and any potential issues I might run into.Thanks in advance!

Even with that being said, your holding cost is still positive on the second one. 27k of appreciation at 3% annualized. would cost you 4800 to get that not including loan paydown or the tax benefits of holding it at a loss each month. 

I am weighing different strategies in the Chattanooga area and wanted to gain more insight into new construction cost structure in the region. 

Avoid and report him at all costs.

Ive only handled SFH and small multi-family rehabs, but never dealt with anything on this scale, and have no idea about the associated costs.

I’m asking from the perspective of being able to quickly rent out the rooms (preferably MTR) and for potential appreciation.

I have comps pulled, and my next step is to get a contractor/estimator out here to give me a better idea of rehab costs.

Cost?