The answer is a big fat NO.

Also, you should be focused on constuction lenders who offer best leverage (usually those who will capitalize interest reserve &  finance a portion of the soft costs), lower floors on the rate since most banks tie their construction debt pricing to the fed rate, perhaps offer lower or no pre-payment penalty if the property reaches the permanent financing phase of the loan product before you are able to refinance and low or no required depository relationship outside of the actual operating ccount.

The Permanent retireres really don't have the means to improve there lots in life .All the major cities Jax , Orlando , Tampa , Miami have there A , B, C, and worse neighborhoods Drugs , Single Parents ,Gangs the lists go on as to the reasons why . 

You need to do something to permanently get the water going somewhere else.

State2014 Company2014 Revenue (Billion)2015 Company2015 Revenue (Billion)HeadquartersALRegions Bank$5.89Regions Bank$5.40Birmingham ALAKAlaska Permanent Fund Corporation$4.44GCI Inc.$0.91Anchorage AKAZAvnet Inc.$25.45Avnet Inc.$27.49Phoenix AZARWal-Mart Stores$476.29Wal-Mart Stores$485.65Bentonville ARCAChevron Corporation$228.84Chevron Corporation$211.97Sam Ramon CACOArrow Electronics Inc.$21.35Arrow Electronics Inc.$22.78Inverness COCTGeneral Electric$146.04General Electric$148.58Fairfield CTDEE.I du Pont de Nemours and Company$36.14E.I du Pont de Nemours and Company$36.04Wilmington DEFLWorld Fuel Services$41.56World Fuel Services$43.38Miami FLGAHome Depot International Inc.$85.53Home Depot International Inc.$85.90Atlanta GAHIHawaiian Electric Industries Inc.$3.23Hawaiian Electric Industries Inc.$3.23Honolulu HIIDMicro Technology Inc.$9.07Albertson's LLC.$23.56Boise IDILArcher Daniels Midland$89.80The Boeing Company$90.76Chicago ILINWellPoint$71.02Anthem Inc.$73.87Indianapolis INIATransamerica Life Insurance Company$19.04Transamerica Life Insurance Company$23.34Cedar Rapids IAKSSprint Communications Inc.$34.56Koch Industries$115.00Wichita KSKYHumana Inc.$42.31Humana Inc.$48.50Louisville KYLACenturyLink Inc.$18.09CenturyLink Inc.$18.03Monroe LAMEHannaford Bros.

In order for this owner to be in a position to do owner financing on a $1,000,000.00 property it means he is a fat cat with allot of experience who will take 10 to 20 new investors just like you and eat you for breakfast. 

We thought these were old rat dropping dating back since the 70s, until we discovered two fat rats that were still alive and well.

Now that they are completed the buyers are unable to get permanent financing because the banks don't want to touch them.

I'm also hesitant to bet heavily on permanent tax deferral strategies (e.g., "buy, borrow, die") as a lot could change about the tax code over my lifetime.

Now a permanent buy down option (where they just pay points in a traditional manner) can solve some minor DTI issues.