I typically recommend Nation's title services as they have very low fees. 

Current market estimates, and ones that I have received myself, have the installation of a new ATS ranging from $45,000 (on the low end with perfect property conditions) to $80,000 or more.

Naturally, some of the COVID era high rental growth darlings such as Phoenix and Tampa have gotten caught in the mix.Conversely, markets with low supply, including some in the Midwest, saw rent increases of over 3%.

Different loans have different seasoning periods - so you'll want a nonQM loan with low or no seasoning and that will still allow you to use the higher of the new appraised value vs the original purchase price.

@Philip Preskenis I don't know your experience level here, but this is definitely possible for a hard money lender.

Cap Rates are a shortcut to understanding value at a 10,000 foot level.

However, the lingering high levels of these rates pose a significant hurdle for potential homebuyers, evident in Texas' total home sales declining by 1.9 percent month over month.

If so, it could still very much make sense.If this is simply new construction in a low-end area though, that's different.That said, if this area is rapidly improving I'd be much more inclined to buy some of those lower end section 8 houses than I would a new construction project.

No discounts there.If it was a ground level addition, I personally wouldn’t blink much.

There's plenty of horrible agents out there since the bar is so low, but if you find a good one make sure you communicate that you're open to working with them exclusively (written contract or not) for a period of time.