We were in a similar situation to you in 2020 when we were looking more for what we wanted vs. necessarily a knockout deal.

Advantages of New ConstructionMinimal Maintenance: New construction means you won’t need to deal with a lot of the usual maintenance headaches—no leaky roofs, outdated wiring, or old plumbing to worry about.

If you want to use this as collateral for future deals, you will need to finance out of the SBA loan later, or put more money down on a conventional loan 5 year term/20 year amort up front.B. 

If you or anyone you know is interested in partnering in some deals to get back in the flipping game, I would love to chat. 

If he doesn't let you in, I would back out and not take the deal.

I could definitely use a good hard money lender to lock in a couple deals at the moment

If you're getting lending this could sink a deal. 

Those markets dealing with 10+ caps are usually pretty rough areas and you get needy tenants, higher Vacancy, higher maintenance costs and turnover expenses. 

I am new with dealing with DCA. is this a scare tactic to not raise the rents?

I still would like to hear from anybody who has ever refinance a SUBJECT TO deal.