The only way it would work is if I managed it during that construction time.

To many people focus on rate, rate, rate, I am not worried about someone shopping me because I am a mortgage broker and we typically have the best rates or close to it.  

We typically pick a market, then run the numbers on what to expect from our investment in that market.

i have a basement where i used cassette mini split which throws air in all 4 directions as its a long 20ftX40ft space. in the other adjacent room i placed a wall mounted split. both of them have one condenser unit outside with a heat pump. its easy to maintain but its double the cost of the typical HVAC unit. for me a typical 1.5 ton unit costs around 6k unit and duct and labor. but with the ceiling mounted 4 way and wall mounted one way Mitsubishi costed me around 12k.

Nicholas,The great opportunity in LA multifamily right now is ADU construction.

I recently had a client come to me looking for assistance securing a construction loan.

I say this because you can probably qualify for 3-5% down on an owner occ loan amortized over 30 years with a conventional lender, while most sellers willing to hold the note are typically going to want a higher down payment and shorter terms.

When it was finished, we converted from construction financing to permanent financing and called it a day.

What are typical holding costs (I'm thinking 5% of loan annually)?

From a family home perspective, we are all back in the swing of school events, and typically aren't relocating mid-school year.