HUGE difference in market cap rates for various cap rate values upon stabilization and timeline to lease up and complete.A lot of lenders have construction to permanent financing once certain metrics are achieved.

Yes, you might see a nice fat 2% Rule property, but what does that mean if vacancy is 15%; or turnover costs are twice what a B property would be; or if property managers charge 12% instead of 8% because your building is so difficult to manage. 

We're currently looking for a mortgage lender that can do construction to permanent loan.  

There are no requirements to have it permanently affixed.

Look at permanently affixed shudders for gaps along windows, or any other affixed item that has been on the home for many years that was installed square that may be out of square now.

Again your ROE is currently ~1.84%, it’s like a fat slob sitting on the couch.  

The meetup algorithm will suggest similar others, and over time as you attend several over, say, the next few months, you'll find a few that you really connect with and will be in your permanent rotation.

Also, after the one year of construction and interest only payments, the 4.75% loan automatically converts to the permanent 30 year fixed.We got a construction loan for $445,000 and didn’t have to put any money down since the $100,000 cash we paid for the lot was the equity.

Anyone from Illinois understands the taxes here are a pain, so at a surprisingly low $1456 per year (with a first time home buyer exemption that I may have saved for a more permanent residence, not that I had the choice two years ago) and a purchase price of $110,000 with current value estimated around $125,000 in only two years, we started off on the right foot...

Got built out as a single family with a door between the units, once the proper permits were approved the door got permanently shut and the property was a duplex.In the future it may be possible to turn it into a duplex if capital and ROI permit.