Of course, not as directly labor intensive as what you are embarking upon, good luck in your endeavor.Amazon.com: The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications: 9781947200272: Burke, Brian: Books

I work exclusively with real estate investors so can't speak to consumer loans. 

Twelve month interest only commercial loan at a local bank.

All the trade websites say that in the end they're only a tiny percentage more expensive than regular concrete block because the labor costs go way down.    

You might consider seller financing to the renters since their traditional loan is probably beyond them.

Ensure that you have explored different lenders and loan products to secure the best terms and rates for your pre-approval.Property Management: Have you considered whether you will manage the property yourself or hire a property management company?

Once you understand the ins and out of real estate financing you will understand the creative financing wholesale, bridge loan, etc will be no brainer.

Instead, smacking the CSLB limit for both labor+materials as the charge for just labor is just like I said, a slap in the face cause we've discussed CSLB limits time and time again.

You don't have enough equity to sell, so stick it out and make a strong effort to buy down the loan enough to sell and move on.

I think for Grand Rapids you want to target a property that simply isn't suited for an owner occupant who will need a loan in its condition.