The county is the second fastest-growing in the U.S. and the fastest in North Carolina.The zoning for the project is already approved, and with our captive audience of potential tenants, I’m confident that all units will be leased upon completion.I’m seeking advice on how to best structure this debt with a private investor or investors in the short term until the property is fully rented and long-term financing is secured.

Quote from @James Harryton: This doesn't sound like a wise investment.

In this case, I did.

This criteria is for 1-4 and 5-8 unit programs.

See this link:  https://servicing-guide.fanniemae.com/svc/d1-4.1-02/allowabl...

Check out this article from @Joshua Janushttps://www.biggerpockets.com/member-blogs/14702/97710-the-c...

Is this generally a good idea/recommended for a new real estate investor?

I know I should consult a CPA or attorney but wanted to get input as some may have been through this.

@Paul TimminsThank you so much for the advice.It's greatly appreciated and so far this website has been extremely helpful for me.

Others hit on this but the key is why are they non-renewing?