This kind of doesn't make much sense since something under construction is not going to have cash flow - I'd check out hard money or "ground up construction" private lenders

Access to an STR isn't essential, but helpful and bonus when it's personal usage time..- Insurability & Operations costs: Can be considerably lower (especially in comparison to CA) with most coastal regions there is much lower wildfire risk and the properties that are in flood zones, have surprisingly accessible and affordable policy costs.

I'm not sure where people are "cash flowing and getting the 1% rule" in the Midwest at 7% rates.

This means I cash flow $462.

I am wanting to cash this out and buy more properties. 

Typical deal I see will probably need 30-40% down to break even or cash flow. 

Purchase price: $352,000 Cash invested: $70,000 This is my second ever new construction development!

This as well - what do you mean on "obviously can't DSCR it" - to the contrary, DSCR Loans have become the main option for BRRRR Refinances ever since the GSEs upped the seasoning requirements for cash-out refis last April

It has a strong potential for cash flow.

Have at least 1-2 backup options is essential in planning for a successful 1031 exchange