My husband and I did an FHA when we bought our fist home in 2002, long story short we took out the equity and made that money grow, so that was the only time we have financed from that point on we have done everything cash, so we are not familiar with financing.We would also like to get information on construction loans can you point us to the right direction?

Hey Christopher,I'm not an insurance broker, but usually they need the following for rental property:Year BuiltSquare FootageBeds/BathsRoof, HVAC, plumbing, and electrical system age (if you know it)Type of construction and exterior claddingBasement (finished or unfinished) and square footage valuesSome companies require picturesI hope this helps.

I have been in construction for 10 years, it is kind of hard to reach knowledge quick without prior experience.

I have been in construction for 15 to 20 years and been wanting to get into this  but have not been able to get all info to come together of how this is done.

When I became a broker, I really became interested in the world of real estate investing, primarily in the areas of new construction, fix & flip, and buy/ hold rental properties.  

However, it does have some elements of Real estate investment trust (REIT) with dividend yields, combined with a truly a unique strategy deriving from my many years of investment experience in star ups in the Silicon Valley and construction experience, including rehabs and new construction.

My "deal" is an acquisition of a Class C- multifamily property in Tempe that I would purchase with short term construction financing, renovate and refinance into perm debt and try to recapture all or part of the initial equity. 

My work schedule would not allow me to oversee the day-to-day of a construction project.

They could apprentice and learn business and construction skills.  

There are a few different ways to go about either 1. getting the existing tenants out a little more constructively  (and much less risky/problematic for you) prior to closing or 2. finding properties that have already been vacated.Feel free to send me a PM (private message) if you have any other questions or would like to discuss this further.