I was thinking is there a way I can get a commercial loan perform the construction then apply for a conventional loan and pay off the hard money lenders for example and then pay my monthly mortgage?

Austin has grown to perform a little bit like California and so I wouldn’t be that surprised to see a price drop.

They receive potential deals on a regular basis and use their days in evaluating those deals, as well as the performance of past deals they have invested in.For active investors/syndicators, the day to day life is much different.

Other strategies matter for if you are purchasing a Non-Performing note.

@Paul JohnsonEnforce specific performance.

Much of what he has written is factual or makes logical sense, while most others shared what works for them, without considering the big picture.So, let's try to sum up your options:1) DIY Tenant PlacementPROS: Save moneyExperts know legal & regulation issuesYou have final decision, but can't blame anyone but yourselfCONS:Your lack of tenant screening knowledgeCostLack of legal & regulation knowledge2) Hire a Real Estate AgentPROS:Local expertsYou can still DIY manageCONS:They often lack detailed screening knowledgeThey may not know all PM regulationsCost3) Hire a PMPROS:Should have thorough tenant screening process better than all aboveShould know all legal & regulatory issuesShould give limited tenant-performance guaranteeCONS:CostYou usually don't have inputCan you trust them?

Now, your performance history will play a greater factor. 

Sounds like a guy I once used, who during the 'agreed contracted SOW' tried to boost his labor cost 150%.

@Erwin Miciano A well known visual and performing arts school in Oakland.

They will look at the properties and lend based on their performance to your company.