I have a lead for an off market single family home.

Suburban areas and smaller cities have seen a rise in demand, making them prime locations for mid-term rentals.Flexibility Preference: More renters seek flexible housing options as job mobility increases.

Once you do that you will have a more clear understanding of how to deal with rental properties

OK folks I have real world experience at this. 

You have to get creative and know what options you have.Building is the best option imo, so you’ll have to buy and tear down it seems like nowadays.

. $1,520.00•Demo about 12” of walls and rip out entire shower pan and step •Install cement board on exposed wall •Apply RedGuard and Waterproof membrane to shower pan and up the exposed walls •Install new drain adapter in shower floor •Install new tiles provided by client Optional (just in case fixing shower pan does not fix the water leak) rebuild shower. costs extra $5100•Demo shower • New plumbing for a new fixture •Install cement board on exposed wall •Apply RedGuard and Waterproof membrane to shower pan and up the exposed walls •Install new drain adapter in shower floor •Install new tiles provided by client •Client provides plumbing fixture

I have a bridge loan that is set to mature soon and need to refinance asap.

We've talked to a few lenders and since this will be our first ground up construction project, they told us that we need to have someone with ground up build experience to also be loan with us.

Thanks Ned, Short answer to explain it, I did not know they were around back then, just found out now when we are coming back, a little background, when I started in 2005, I was a child :) 28 years old and thought I knew it all, all, all :), did not know about hard money lending, only new about bank loans, and Home equity lines of credit, did not know where to find more money, since I did not have much, I would rely on what I could get from banks, loans, credit cards and was not always that great, it was a learning experience.....and Wholesalers, I did not know that even existed, everything I would find back then was already on the market and through a "friend" agent, MLS, FMLS and all those, nothing like what we have today.

A 4/3 could potentially rent for $3,500 - 4,000/room/semester.Clearly some other factors to consider, but it would be great to hear any insight from folks who may have done this in the past.