This answer relates to Derek's in that different property types require different responses.

I would be willing to set aside these requirements with limited exceptions if it's a really good deal that I would otherwise lose, but it would have to be a situation like an infill parcel in South Philadelphia where many of the other risks are not as likely to arise. 

All the financing requirements are the same as well so 10X it!!!

Homes will have even more deferred maintenance and tenants will be even harder on them.Class D pretty much requires an OWNER to be on location and at the property 3-4 times/week.

In Colorado Springs I am finding plenty of properties with interest rates between 2.5-3.5% that require less than 50k to cover the equity gap.

Florida has a lot of issues with processors as they are required to go through a rigorous process.

Will this arrangement meet 1031 requirements?

Hi Jaron,I won't know until I find out what the total costs are from the city to build (permits, school fees, impact fees, required improvements etc.) and the cost to run utilities.

However, I don't require a credit pull from a borrower to give a loan quote...I can just take folks at their word for that first conversation. 

In the future, its best to know you have an exit strategy that does not require selling or relying on alternative lenders.