Undoing the mess via amendments, etc… always tends to be laborious and more expensive then getting these right the first time.Why are  CPAs seemingly not always in the room when GPs and their attorneys build out their RE Funds? 

If I build a full road to the property, I would have to build 240 feet before I would reach the corner of my lot. 

It's a huge building with a steep roof.

If the new build price gets over 300k. then we have lift off. 

That's a business purpose loan that doesn't allow owner-occupancy whatsoever, and you sign a document at closing agreeing to this. 

I am looking to expand as an investor outside of my market as well as building relationships with professionals within my market.

Guess probably 550,000 for a tear down and new build depending on what's required and maybe a year of down time.  

This trend has continued into 2024, with an increasing demand for rental housing driving up prices and creating affordability challenges for middle-income families.To address this issue, developers and construction companies have begun to explore innovative solutions such as “Build-for-Rent” projects.

It sounds like you were given a T12 for the building...

Our goal is to get 2 more this year, but we're stuck on how to build the capital for those down payments.