Managing construction can be a lot more difficult than you think starting out - contractors will throw change orders at you, they will take longer than expected, and sometimes, they will leave the job with your money altogether.

We used a local bank, Lowell 5, for an acquisition + construction loan.

It was a big undertaking and learned tons of great lessons for the next projects to come.

I have been around new home construction for several years as well.

But I do have over a year of construction experience.

This is similar but different ;-)I am planning on building an addition on my home that would be a great room on the main floor, and ALSO have a finished space in the walk out lower level for an office for both my rental business but MORE so an office/showroom for my 'day job' of construction/remodeling.

I'm debating between the following,because I'm going to get a construction loan which will be disbursed in phases, should I rent out each unit as and when it is completed?

One thing you could certainly do to raise it's market value is redo all of the drywall and finishings to bring that up to current standard home quality and design.When it comes to Buying it... take advantage of some sectors of the market thinking the home should be undervalues and snatch that thing up cheep. get it looking good and make off with a bundle.I am personally looking at Modular construction here in Houston.

We have known each other a little bit for years as we are both in the construction trades with great decades long reputations.

Are there any multifamily developers in Portland, OR who can give me a broad idea of what range new construction is costing per square foot (not including land/permitting/etc.) these days?