I talk to developers all over the us and most of what you have would pass my initial screening to move forward. then it would go to sponsor experience, liquidity, construction experience, site location and site reports, entitlements, construction partners, etc to clear all the conditions. make sure you have a plan to purchase all the fixtures we passed on that. not sure about hotel financing of beds, desks, etc 

@Ramiro Rodriguez, a 1031 exchange is only for the sale and purchase of investment property as @Basit Siddiqi said. 

I will need to finance most of the purchase, but if my numbers are correct, it would still generate cash flow even with 100% financing.

Hey Julian, As others mentioned, DSCR loans will be underwritten based off of the appraised value or cost basis (purchase price + documented rehabs) depending on seasoning period when you are looking to refi.

Purchase price: $1,500,000 looking into property purchase, will purchase within 3-6 months

Currently, I have a 4-plex in Texas which I purchased in 2020 (FHA loan that is now entirely a rental property) and manage independently. 

For example, 1000sq ft to purchase the HVAC it would run about $2,000 plus labor.

I have found a lot of articles on smart water meters being installed by some city water companies but not much on wifi enabled water meters for consumer purchase. 

I purchased a $280k fourplex and it changed my life. ** Your results may differ.

And by purchasing new you'll be basically eliminating capital expense items for years.