Is this his primary residence? 

Be careful about assuming new construction wont have maintenance expenses - they often have break in periods of a few years while things get sorted out.Allow about 1 month per year vacancy and include that in opex.Consider what happens if you do not sell in a year or two, to quote mike tyson: everyone has a plan until they get punched in the mouth.

Evaluate the deal by comparing it to what you would be paying should you buy a SFR as a primary residence.

I haven’t heard of Capital Fundings, LLC, but I’d be careful and get the terms agreed to in writing.

The (LTV) percentage you can borrow is lower than a primary residence loan, but still available.

Many PadSplit residents rely on public transportation, so being close to bus stops, transits, and other forms of public transport is vital when identifying deals, at least here in Atlanta. 

Investment Info:Single-family residence buy & hold investment.

(Careful with this one!

I’m a professional property manager, so I managed close to 2000 residents in LTR.

@Max GabrielBe careful of the sharks circling.