Examine various neighborhoods, types of properties, and trends in the market.

This type of situation is fairly common where I live and where the housing stock is older and especially because often family's built multiple homes next to each other and perhaps even on the same parcel.

2) Property Type: Single and Multi Family, preferably 3 bed+, 2 Bath.

With that said, does Bigger Pockets have any type of business calculator to help analyze this type of deal? 

Choosing the right exit strategy depends on factors such as investment objectives, market conditions, property type, and risk tolerance.

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

If there was more time something we could probably have gotten funded but under the gun like this, have to pass. 

@Matt Smith, The type of property doesn't matter in order for you to qualify.  

No Uhaul type service, very few people have pickups due to the high cost of fuel and taxation. 

I lent the 700k at the normal rate for this type of deal 5 points and 15% for a year Upon approvals they would then need to go to a construction loan..