Hi Guys- sorry for slow reply.

But heck, even if you don't like the final product, your only out a few bucks and you can still lay the plank vinyl. 

We are wrapping up a slow motion live-in-flip, which will have ended up taking 3.5 years.

There are also FHA products for multiunit buildings.

I still havent seen anyone use this product in my area.  

Hello everyone, Humberto here I moved to Houston 6 months ago and began working on my field as an IT Consultant, seemed to me be going great but work slowed down so much that it seems I may loose my job, now I always been interested in RE so I'm deciding to make the jump as soon as they decide to let me go.

(Our group is purely educational - we don't endorse any products).

The learning experience slows me a bit and sometimes I wish I had a mentor for all my millions of questions.

Construction costs have gone up a lot anyways even if you aren't changing zoning around so I think it normally makes sense to redevelop existing product if you can. 

That's not really a normal HML loan, they are usually for quick flips because the rates are so high.LendingHome has a long term product, they are out of California (I broker for them), its basically a 5/1 ARM at LIBOR +4.75%.