Just like buying a new car off the lot, new homes have the same sticker value.

But I admit there are better deals to be found in other places so depending on what level of difficulty I encounter identifying a deal that meets my criteria I may shift focus to markets in New Mexico or Houston (I have family in both these areas). 

I have run into a unique (to me) situation and I would like to know if others have encountered this, and/or successfully/unsuccessfully completed this type of transaction.

Typically a cash buyer expects a discount on the sticker price.

But they are falling behind quickly and encountering more and more challenges ie Crime. phila2035.org

The issue I most frequently have been encountering depending on the cap rate is satisfying an 80% LTV due to needing to cover the existing loan plus the new construction loan.

Not owning your rentals through an LLC exposes you to more risk, even if you have an insurance policy on rentals.However, as a new investor, you may encounter some challenges and opportunities leveraging the LLC.

The rules you are encountering are likely not originating with the bank, but rather underwriting rules related to FNMA (just speculating).You will be in a much stronger position if you show a fully executed lease for $1,900/mo, ideally with an occupied rental property, versus claiming what is possible. 

I’m curious if you have encountered any servicing companies that flat out won’t support this option.

Others have touched on the paperwork compliance and the difficulties that fsbo encounter trying to do it themselves.