. - one concern was the supply chain, which Steve Jobs once mentioned that U.S. would have a difficult time investing with that sort of infrastructure that China has to support the product: https://www.forbes.com/sites/forbesleadershipforum...Anyway, a long discussion perhaps enough to jog conversation!

Excellent, Thanks again

Those are all honestly excellent ideas and I thank you very much for that.  

Commercial apartments are done around $110 - $140/S.F. for low rise products, but they have scale working for them.

HomePossible is the loan product I had in mind, however I have heard that if you want to use an FHA loan then you cannot already have a loan on a property within 100 miles of the second property that you would be using the FHA loan on.

I think I could finance it via some credit cards, Lending club products, etc... but I'd definitely be more comfortable paying for the updates with the cashflow over time....

This doesn't even include holding costs.I understand you are putting sweat equity but those numbers are tight..If you build you need to automatically profit on equity or else it's pointless.. usually 20% to make it worthwhileGood luckBuilding brand new product, the goal should not be for it to trade at an 8 cap. 

Not all lenders are the same and some don't offer certain loan products that could be beneficial. 

@Danny Lambert if you download numbers on your Ipad, they have some good pre-created excel sheet.

I thought Freddie Mac SFR pilot program would take care of this problem. https://arbor.com/freddie-mac/sfr/https://a10capital.com/products/freddie-mac-sfr-pilot-programhttps://www.corevestfinance.com/freddie-mac-loan/