This lowers refinance options.

Many investors from the California area buy residential homes locally but invest in the mid-west because of the yearly cash returns making more sense in these lower priced markets.

The basement of the property can only be accessed through the lower unit which is 1 bed/1 bath.   

As is normally the case, the construction period rate is adjustable and tied to the fed rate with a lower rate once the loan resets as a permanent loan.

We are currently still at a very low inventory level, only 2.5 months of supply on the market, and what I have seen is that if a home is posted for sale, that is a good product for the market value, it's going super quick.

., if they're the selling agent or own the construction company, etc.)If all estimates go to plan, then the 55% net profit should provide an 18% annualized ROI for the $1M, but likely lower.

I'll echo that most of these Midwest markets that skew toward lower purchase prices are similar.Areas can be hit-or-miss and you need to really understand the risks and potential rewards before making the plunge.

We are using go high level and like it. 

For the experienced partner, they might not want to occupy themselves, but still want to take advantage of low down payment and lower rates for primary occupancy financing.

It's generally advisable to have a lower ratio for better loan approval chances.Down Payment: Save for a down payment.