Quote from @Luis Ramos: As a M.D. and Real Estate investor, I can attest that these poor business decisions come down to amount of schooling we have had.

Also you can see their overall productivity.

They often have loan products targeted at rehab loans on low value properties, particularly those that are in underserved communities of big cities like Detroit.

BUT, the might cause more issues because 550k is already on the small side for a 5+ unit building product. 

If you’re completely new to real estate, Rich Dad Poor Dad by Robert Kiyosaki is a great introduction to real estate investing.

Quote from @Conrad Tillman: Quote from @Jay Hinrichs: LOL  its kind of like 50 ways to leave your lover.And its very much dependent on your jurisdiction. however I will list the stuff I have gone through the last decade or so through about 200 new builds in 4 markets.1. material price fluctuations. rarely down almost always up pretty much annually. 2. as we all know labor  scarce  and or unqualified and do poor work..

What type of lender or product should I consider?

You can then GC the project yourself and let them help be eyes and ears and offer you the speed to get the projects done on time.As for financing, I had great success using a commercial loan product with a small community bank.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

The only people that are potentially bothered are the busy business executive type or, generally, people who are time poor but I don't think that's gonna be your clientele anyway.2.