I understand completely what you were saying now, way to go on that second deal, I'm betting it didn't take more than a couple hours worth of work for $3500 theoretical profit!

Rates and terms will be different from bank to bank but your best bet is a local bank because they want to establish a relationship with you and be there for all your money needs.

I think your best bet, depending on price range would be to buy a 4 bed 3bath home and rent out bedrooms.  2-3-4plexes are pretty tough. 

:wink: Yes, another country, but still...I'm sorry if I made an impression being weak and soft - I bet my PM and some others had the same impression of me.

We’ve all heard the saying, “It’s better to bet on the jockey than to bet on the horse” because a good jockey can make a bad horse run fast, and bad jockey can make a good horse run slow.

I bet that they would be willing to work with you.

Your best bet is to hire a site engineer to see what your options are.  

Hello,Is anyone using a software / web platform for new construction underwriting of lower-density residential (say less than 12 units) that they have had great success with?

Looks good, but in an area where 50K is the avg purchase price I bet you can easily find some good BRRR deals or find some way to add more cashflow without having a huge expense. 

Now you might be able to go to a more conventional lending route but my bet is you’ll still need at least 25% down.