There's only some much time to devote to this stuff and when your schedule simply has no room left you have to carve out the ones that appear the least lucrative or productive. 

It allows for year around production vs a one and done of an area with a bit of winter.

I'm asking why would a bank give a construction loan to someone that can't afford the final product?

But once you start doing a number of deals and can build some trust with a lender you will have more negotiating power.Bear in mind that my model was more a a "landlord product" where I took out a HML for 90 days and then quickly refinanced into a conventional loan after the rehab. 

Does it depend on the loan product? 

And when you look to invest next a specialized lending product like a DSCR based loan might work well for you. 

Not all banks offer the same product.

. - A productive member of society who was once a court date away from being a convicted felon. 

Either product would be a good and inexpensive choice that would save you the time and headache setting up a site yourself.

@Miguel Hernandez You have to realize that any good Contractor will have jobs lined up for a year in advance (or more nowadays).