This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.

I was also looking for an agent to help me in that area as well as for purchasing land in the Cynthiana area (to hopefully build for personal use).

Base loan size of $621,000.  

My Dad is a contractor who has built multi-family properties for other people in the past, but he hasnt built anything for himself or smaller than 20 unitsI have been suggesting the idea of building a 4plex to him for the past few months and we each forgo our fees and split the profits of the dealI'm curious as to what your numbers were like on a btr 4plex, such as the land cost and the construction cost at the time you built it?

Regarding utilities, You could do based on square footage.

Okay so the deal I’m looking at is tricky. It will exceed the 1% rule but not mean the 70% rule. It looks like I will be leaving cash in the deal but it will cash flow pretty well. Can you please share your experience...

I'm particularly excited about exploring subject-to (SUBTO) deals and expanding my knowledge in this area.I'm currently based in the Dallas area and am eager to connect with lawyers who specialize in subject-to transactions.

The house is a 3b/2ba 1,895 sq ft home but an additional sunroom built in which brings sq ft up to 2,055 (based off tax records my agent found).

They offer super competitive commercial products, which I'm seeing landing around a 6.5 - 7.5% interest rate.

I am in south Florida doing land development.