Rates are 2019 levels and terrible.  

This opens up a whole new level of asset protection, going from basic (least expense) to complicated (expensive) very quickly.  

I've had clients come to me to figure our why they aren't netting what they thought they should be only to learn that revenue level was never going to happen for that particular house.

I think it is a lower risk building this in the center of a city than on 4 acres with no utilities in the center of a rural area without comps or limited comps and only a vacation rental market. my buyer pool is much larger being in a big city and urban and buying infill lots like in columbus ohio. this is just our strategy, I'm finalizing the renderings and everything next week an in contract on our first build for builds in Texas but this is what I would do.

Then they still have to pay you the balance owed when they refi after they created a nice spread on your now lower mortgage.4. 30% increase on your profit. 

Baltimore city is likely to be a bigger problem the lower you go in cost of housing and quality of tenant.

I refinanced with the owner once to lower payments.

For instance, if your property is listed for sale below its appraised value or if you reduce the asking price during the listing period, most lenders base their lending decisions on the lower of the two values.

If they provide you one, I would still say I am getting my own.I would ask for full demographics of the area, including incomes, home prices, education levels, crime levels, etc.I would want to see full tenant application and any pertinent backup verifying income, employment history, landlord references, etc of the in-place tenant.I would want to talk to the property manager, if they are coming with the property.  

With lower credit score myself because I did not do credit much it is hard for a bank to see if they want to take me on.