If you decide to go this route, it's best to do your due diligence first and gather all of the information regarding the costs before you do anything.

Important Disclosure: I am not a real estate attorney and I only offer my anecdotal and my 30+ years' work experience in the informational blogs I write.

I used a conventional loan with down payment assistance because the appraisal process is less strict than FHA or USDA and the bathrooms were barely functioning.

After informing family and friends of the struggles to have an offer accepted in the competitive market we reside in, everyone is asking "why dony you just build a home?

Our recommendation to most of our clients is that until we have additional information, if you are going to be able to claim bonus depreciation, just extend that tax return and wait for it to be finalized. 

Can you give us some information on the properties.

I'd be happy to review the information for this request and see if we can't provide an offer for you.

Plus you know your tax preparer will find the bookkeeping acceptable (it's not uncommon for the tax pro to have preferences as to how they like to see information presented).

They all take about 2 hours of my time for information, and they all say we don't do that type of property.

You become addicted to passively absorbing (often low-quality) information and watching other people make moves (or, often, lie about it) instead of making your own.One of my very successful clients hired a full-time driver so he could spend his extensive travel time reviewing deals, preparing offers and making calls without having to multi-task.