Now that I think about it, you should make sure that the non-owner occupied percentage of the complex allows for conventional lending.

Are there other types of lending that would be a better fit for me as a 1099 contractor?

You should contact Ridge Lending if you are looking to invest in the continental US.

Who is repeatedly lending on these newly renovated and rented properties?

Call the Daniel Sa team at NFM Lending.

Does anyone have any experience with investing in new construction as rental properties that can lend some advice?

Out of the top 3 cities Melbourne,Sydney, Brisbane.We are going through a slow down for the first time in 27 years.1 royal commission on the banks.2 tighter in lending policy caused by regulators.

;)Anyways, I recall speaking with a successful syndicator in this area who invests in Oakland CA (and elsewhere in the state - true, Sacramento does not have RC - but has high exposure to rent control) and asking his opinion.

Note was unsecuredWe missed it but asked hard money lender if they would lend on a deal like that and they said no.

Jim TN requires a special license to lend in that state.. first thing one should check.