I am 59 years old and have quite a bit of construction experience and some real estate background.  

I guess they don't just look at the cash flow only, they want a significant personal guarantee and 100k wasn't enough.They do a lot of construction loans for commercial.

Don't rush to a take any deals and make sure you rehab or construction costs are as low as possible.

The really interesting thing to me is in my experience as a building inspector for two decades and a drywall installer and all around construction type for many years prior to that I never encountered the subject....  

You may be very right that the building was a boarding house of some sort, as 75 years ago, lots of construction was going on in the St.

I don't mind light rehab work, but nothing too serious as I don't have a great amount of time nor extensive construction experience to put into projects.

One of my friends did a new mixed-use construction in the area and he is happy with it. 

I have the topographic survey done and Ideally I would like to build two houses with the hope of selling one to pay for the construction .

I have been in the construction business since I was 17.  

New construction sales will often involve agents and not show up in the MLS.