HUGE difference in market cap rates for various cap rate values upon stabilization and timeline to lease up and complete.A lot of lenders have construction to permanent financing once certain metrics are achieved.

We're currently looking for a mortgage lender that can do construction to permanent loan.  

If you choose sugary, fatty junk food, you're gonna get fat, but we never blame the store for fat people.

We love Florida and hope to move there permanently some day, but for now, we are content with knowing we could possibly purchase a condo in the Sunshine State. 

Yes, you might see a nice fat 2% Rule property, but what does that mean if vacancy is 15%; or turnover costs are twice what a B property would be; or if property managers charge 12% instead of 8% because your building is so difficult to manage. 

There will be double the closing costs, but if your margin is fat that won't matter much.

Investors when deals are fat want to hoard deals.

Purchase price: $231,000 Sale price: $260,000 Wholesale deal in Menifee, CA on a Mobile Home without permanent foundation and was pre-HUD.

It would fund 80% of the as-completed cost, provide an interest only 6-12 month construction period, and then start permanent amortization after that period (or some similar structure).

I can use more colorful language, but that will get me banned for BP permanently, and I kinda like this place...