I talk to developers all over the us and most of what you have would pass my initial screening to move forward. then it would go to sponsor experience, liquidity, construction experience, site location and site reports, entitlements, construction partners, etc to clear all the conditions. make sure you have a plan to purchase all the fixtures we passed on that. not sure about hotel financing of beds, desks, etc 

Yeah I've seen LTC being only 60 or 70% of the purchase price.

Purchase price: $169,000 SF new construction What made you interested in investing in this type of deal?

@Ramiro Rodriguez, a 1031 exchange is only for the sale and purchase of investment property as @Basit Siddiqi said. 

I will need to finance most of the purchase, but if my numbers are correct, it would still generate cash flow even with 100% financing.

Hey Julian, As others mentioned, DSCR loans will be underwritten based off of the appraised value or cost basis (purchase price + documented rehabs) depending on seasoning period when you are looking to refi.

Institutional backed money and hedge/equity funds have entered the market and spending large sums purchasing SFR needing rehab, thereby lowering supply available to wholesalers/flippers significantly.5.

Currently, I have a 4-plex in Texas which I purchased in 2020 (FHA loan that is now entirely a rental property) and manage independently. 

Purchase price: $1,500,000 looking into property purchase, will purchase within 3-6 months

For example, 1000sq ft to purchase the HVAC it would run about $2,000 plus labor.