Here is a description from their website:MORTGAGE INSURANCE FOR RENTAL AND COOPERATIVE HOUSING: SECTION 221(D)(4)Summary:Section 221(d)(4) insures mortgage loans to facilitate the new construction or substantial rehabilitation of multifamily rental or cooperative housing for moderate-income families, elderly, and the handicapped.

From my research, it seems like some sort of assistance for rehabilitation.

Today, they prefer to rent in new cool sprawling urban areas where they have an easy way out if they need to relocate.Good performing real estate investment properties in Detroit are usually $10,000-$20,000 (requiring rehabilitation) and $20,000-$40,000 (fully furnished and ready to rent).

They are NOT like Real Estate Education Companies.StrongBrook is made up of a Real Estate Brokerage, a Mortgage & Lending Company, a Property Management Company, a Rehabilitation Company, a Legal Services Company, and more.  

If you are planning to buy fix and flip properties and or small rental assets that don't possess heavy rehabilitation budgets where you are collecting the construction management fees it's very difficult to make the transition without a sizeable amount saved to cover living expenses.

thanks for the replies...We opted to have the crawl professionally rehabilitated after tearing out sections of floor and replacing some joists ourselves.

We are planning to apply for federal/state historic tax credits and will need to preserve the historic features of the property as we rehabilitate, someone with experience in doing that may be better suited for the job.  

@Vince CraigLong-Term Rental (LTR): One unit is occupied by a tenant who will be vacating in the next month, providing an opportunity for updates or repositioning.Short-Term Rental (STR) via Airbnb: Another unit is successfully operated as a short-term rental through Airbnb, offering a steady income stream.Owner-Occupied Unit: The third unit is the owner's residence.Key details:Rents are currently at market value.The property has the potential for rehabilitation, adding further value to the investment.

The building requires significant rehabilitation, but it is salvageable.

Experienced BRRRR investors,Does the "R" in the BRRRR system, which stands for rehabilitation, also cover demolishing properties and constructing new structures?