But when you start its tough.There are some lenders and other services that after they qualify you will charge you and issue you a POF letter.

Think about going higher around 8%.8% Management - while you can probably find a PM to manage the unit at 8%, keep in mind a lot of PM charge annual fees, lease up fees, lease renewal fees, etc.

Not saying to let that influence you, but If I was a betting man that’s what I’d guess.

I'm not sure about construction loans, but the local banks will be your best bet.

If they have gusset plates then I would bet they should be replaced if they have signs of high heat damage. 

To be fair, I've never had a home warranty for either my personal home or any rental properties.But I've know a few people who have had them for their personal homes and they sounded like nightmares.These are the complaints I've heard:I'm sure this can vary by company, but it's typically a $75 service charge every time a repair person comes out. 

I'd use at least 8-12 months to budget for your schedule before you can even break ground.In terms of financing, I don't see how you can make it work with hard money, so your best bet is to find a partner, especially someone who has done this type of work since banks want to see a track record with experience. 

I bet that will be hard to find even with a major rehab. 1% rule is 10 Cap + or thereabouts.

I'm sure this doesn't typically happen but the guy walked through, said everything looked good and charged us $350 to write a letter to the inspector saying he certifies the concealed work. 

In Dallas, my office has covered reserved spots (mostly empty), other offices can't charge enough for low garage reserved spots.