Longer term 10+ years the lock ins will fade away as life forces people to move.  

Which we have pre sold to some of the major builders like Toll or Lennar and some regional I cant recall the name..

For the past many months, I don't know anyone with more than, say, $5,000 in idle cash who isn't using Treasury Direct to get 5%+ on idle money; pick your term - short (4 weeks) or longer (52 weeks). 

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

You want to make sure the project is going to be profitable, especially if you are taking on short term debt. 

What strategy are you going after and what are your long term goals?

DSCR loans typically require 15-30% down.2. if a property is severely distressed it may not be rentable, and won't qualify for financing.3. some DSCR loans have pre-payment penalties, and so that would be silly.make sense?

In terms of new construction, a couple things to be aware of in San Luis Obispo County are water shortage issues and development fees/taxes which can significantly increase the building costs.SLO city and the neighboring cities are particularly diligent on their water usage, as most of the county's water supply comes from three surface water reservoirs and a groundwater basin.

Investment Info:
Mixed-use building

Purchase price: $405,000

Cash invested: $20,250

Mixed use investment. 2 residential units with 1 storefront

What made you interested in investing in this type...

Tax treatment on short term stuff is an issue.