If the home is being appraised as LTV should be post construction, if you are looking for a renovation loanI know this is probably not the exact answer you were seeking, but I think it should help broaden your play and help drill down the lender through a simple process of elimination, based on very specific qualifiers you define as it pertains to your specific strategy.

We are looking into switching to modular construction to shorten the construction process.  

Regardless of what I had I felt more comfortable in the construction busines.

It seems like SFH and MFH housing depends a whole lot on quality of construction and aesthetic appeal, as houses on the same street price and sell for such different amounts.It seems like a nice Quadplex would be nice, but there is an argument for a Duplex.

Only thing I can think of as a positive constructive step is sitting down and doing math.  

My long term goal is to create a small multi-family development/construction company and eventually structure it into an employee owned company that creates opportunities for other families to be successful.I look forward to getting to know and learning as much as I can from the BiggerPockets community.

I have more than 8 years experience in construction field, specially in interior design and home remodeling but not in US.

Regardless of what I had I felt more comfortable with the construction business.  

The total cost of the construction project is approximately $1,000,000. 

Ph# ___________CONDITION__Occupied / __Vacant _____ Bed/_____ Bath Construction _____________A/C ___________ Elect.