If the end product is similar to conventional construction, and is compliant with applicable building codes then I think you're good to go.I think you should also consider where you might start. 

DSCR won’t be the product you would use for ground up construction/ new build.

They will have a Jumbo product with 10% down with no reserve requirement up to $2,000,000

Propwire is free and a product from Jerry Norton.

Start talking to local lenders and see what kind of products they have for construction/ rehab loans.

The government saw the housing bubble and changed guidlines with fannie and freddie to make the 10 down / 2nd home loan product very expensive (about 4 points to close).

You can also find agents and lenders via the Find An Agent or Find a Lender tools.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer. 

First my products do not cost $7K.Second:You are willing to spend $300K+ on a crappy house hoping to fix it up by spending an other $200K on it hoping to make a $60K profit after 6 months to a year,  But the thought of spending $7K to make continuous $100K+ profits with far lower risk, with all the proof shown, evergreen forever getting you these deals for free makes you cower in fear.Silly don't you think?

The majority of your Agents will be trash, so you'll spend more time money and effort trying to get them to become productive Agents.

It has been my experience, too, that smaller banks with a deposit relationship have a lot of flexibility and a variety of products on offer.