I've dealt with many tenant issues (and tenant's helicopter parents haha), but for the most part the kids are good natured.Morgantown is a college town, with what I believe is a huge surplus of beds due to a recent surge of construction.  

The ones we executed contracts on in the past few weeks were purchased with a construction loan that wasn't dependent on inspections, but the houses will need to appraise for the purchase price.PM me if you want to talk some more..

I would guess I physically inspect 5-10 properties for every one I make an offer on and I may only get under contract on 25-33% of those because I typically offer aggressively so my numbers work.

There are various reasons the project may not qualify for financing:  owner occupancy percentage, one individual owns more than 10% of the units, the community is involved in some sort of litigation (usually construction defect), or the HOA finances are bad (underfunded reserves).  

Pretty typical seller at 10%, your idea of 3 to 4 % is actually more in line with the actual value of that option, at that price range, over that term (1 to 2 years), and you sure aren't buying any cash flow!

My partner and I will be doing most all of the construction our selves.

In Austin you usually need a lot with SF-3 zoning (duplex) to allow for a construction of the second unit, or ADU.

For a quick answer, I think typically they require you to season your rentals for about six months and the percentage is generally 70 to 80%.

It is typically about a 2 year process.

All the crowd funding site be different but what sort of criteria do the look got typically in the borrower?