It seems like there aren’t a lot of lenders that know this product, and my research seems to show conflicting opinions on if fha multifamily new construction  loans are possible.

Here is a summary of the book.https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greeneThe book also mentions the importance of having a rockstar Realtor, contractor, lender, and property manager.

- what about being a private lender instead?

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Hello, I am looking for a private lender that is willing to take on long term loans.

Your average hard money lender won't want to be more than 65% of the after rehab value .

Rent rolls I spend a lot of time reviewing as well@Ronald Rohde, thank you - this will be a purchase of an existing property that was previously barren land.

Lenders are not super aggressive with first timers with little capital down if they will do them at all.

The seller, buyer, broker, and lender could all have different NOI estimates for the same property.

Quote from @Alex McPherson: I am a private lender lending my personal funds.