To comply, we asked the husband to complete the rental application and submit the required documents, including ID, SSN, and bank statements.

We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use. 

We have a plan to push them through financing with a good lender that deals with this type of loan. 

What made you interested in investing in this type of deal?

@Carlyle Campbell, did the seller provide a seller's disclosure document?

Just be ready to arm-wrestle with lazy & incompetent agents that will argue with you about your document & approval requirements.Hire a PMC:Several will do just a placement, which because they are used to properly screening tenants they will have to manage, you will benefit from.Have you fully thought this through?

Hey Faiz, It will depend on the type of loan you do.

There are three or four lenders doing them with huge down payment and the highest rates.Rate depends on property type, your FICO, equity/down payment, number units, qualifying type...

Investor type level hours don't really count but are still good to keep track of to further prove your case under audit.Great post Account Closed. 

While HMLs advertise Points & Interest rates, you'll see there are MANY more Fees associated with this type of loan product, in addition to a lien being placed on your property and a short timeline typically to operate within before they foreclose if you're not able to exit/repay the loan.