I've been searching online for trying to find a loan servicing company that provides the services in Florida.

Lakefront land prices are at a premium so I need to accelerate the timeline by taking out a land loan(or other financing) to fund further improvements.I have owned the property over 7 years and have been using my own time & money to clear the property and make improvements.

Last thing you want is to not be able to get the renter out especially if you are on a hard money loan.

There is a world of difference between private loans and a hard money lender as well as rates charged.

In general, expenses related to the purchase or improvement of a rental property can be deductible, but the treatment of these expenses may vary depending on the nature of the expense and applicable tax laws. 

But the potential upside of the more expensive building is massive, plus you get a higher overall ROI when you factor in all 4 wealth generators (cash flow, loan paydown, appreciation, depreciation).

Currently, we are at 12.75% interest with 3 - 5 points on the loan origination end; we haven’t been able to locate any existing mortgage notes we can buy of similar quality with ROI even equal to that.  

i don’t mind buying my own materials if it would save me some cash. having a hard time deciding who to do my home improvements. good help is hard to come by these day, especially being new. the price increases doesn’t help as well. as much as i want to diy, i don’t want to mess anything up & still have to call for help!

Also, you can only have one VA loan at a time, so, if you use it this time you cannot use it again until the loan is paid off.

However, this is simply just a fix n flip loan, not a DSCR loan.