Keep in mind our current rental is 100% paid off.2) Can I get a mortgage for this building while it is under construction?

I once owned a small sub-contract construction co and have built home from the ground up.

.), laying carpet, ,texturing, painting walls, then get a second job as handyman or contractor and learn any construction skills.

So more then happy to connect and speak to every one that has questions, comments, and concerns.We are also building New construction rentals ( duplexs and quads where we can ) but hard to find land that is approved for the Quads.

Construction***Thanks for the reply.

Regardless of what I had I stayed in the construction business.  

And if you do not know a lot about reno's/construction I really would hold off, or do a JV with someone experienced. 

*Property Tax*Maintenance Risk*Actual Construction Cost - you said paint & carpet that can be very relative*Vacancy*Time back to market post tenant turn---------My answer is no this is not a turnkey rental, again, this based on the true definition of Turnkey - How do you intend on managing it for the individual you plan on selling the note to?  

Hello,If purchasing in my personal name (since banks don't allow you to get mortgage with LLC) what is the best way to protect my assets and the property while construction is being done?

An "A" would generally be new construction, with newer amenities and finishes (security, granite, well lit, open floor concept, etc.)Likewise, an "A" neighborhood would tend to be an area with newer properties, a top-rated school district, high-wage earners, etc.