Additionally, if you got a loan on top of your cash advance (say, you only had enough cash for a down payment) then I imagine you're also paying loan fees twice.This may all be fine and dandy if the numbers work, but is this a viable plan or a total gamble?

That is because of the financing available with the owner occupied loans with the longer (30 year) fixed rate debt.

Let’s assume the property has $313,000 in NOI Valued at 6.26 M 5% cap loan $4,695,000P+I annual= $413,400> NOI5.216M 6% cap loan $3,912,000P+I annual= 344,460 > NOI4.47M 7% cap loan $3,352,500P+I annual= $294,708 <NOI cash flow +

One time close construction loans have higher interest rates than traditional mortgage loans .

I'm in the process of finalizing our first investment property in Lafayette, IN.

You will need to investigate on the property market before you can identify specific locations which have higher value gain through pricing and also renting.Explore different financing options according to your financial situation, such as FHA loans or renovation loans, based on your investment objectives.

Being in the military will allow for you to use the VA loan.

I would suggest looking into a low down loan, preferably conventional over FHA.

My plan will be to purchase a vacant land with cash and finance the home build through a private money loan.

Title company is asking for an Uninsured Title affadavit to refi out of a hard money loan.