Not only that, but you'll have to also pay interest only payments on the loan while the property is being built as well.

We've recently added accounting tools as well so that you can collect rent and get professional-level reporting in the same place. 

@Caroline PowellAnother thing .... make certain your selected contractor is very well versed on 203k's.

If you time this well, and develop mid-late Recovery phase, your projects should be coming online right at the height of the demand depending on the market.

I will be asking her to leave the unit as well.

if they don't agree, go visit the  auditor, and have your baseline argumentation coming as well. they're very professional overall.sometimes , the best way to understand things is also to understand the exact tax language, word by word.

The Whole Foods/Trader Joes/Starbucks principle works as well.

You could reach out to Kevin Kim at Geraci LLP in CA who's firm does securities and PML law in all states and is intimate with CA, OR, WA, and ID laws as well as corresponding state specific financial institutions governance (in WA it's called DFI or Department of Financial Institutions) and how to navigate their expectations accordingly... 

If you can save enough money to come up with a down payment do that as well.  

I am currently interested in getting a multiplex at/around Sweet Home, OR (Portland, OR is an option as well).