This 4Plex is in a great rental area with Centerville schools and great parks and shopping and food close by.

The road to Paradise is closed pretty much after Oct so that negates visitors.

What are some of the lessons learned and things to watch out for in that process?

Use it for high pricing 60 days out then as booking date gets closer you adjust your price watching the bookings of those around you.

Most construction loans are written for 12 months or longer and most new build to sold and closed average closer to 9 months or more..

I suggest utilizing all the tools at your disposal on the BP website, listening to podcasts, following investors on social media, and watching YT videos.

And have a closing date of March 11.

Share your assumptions below for a tailored model and insightsNeeded: Rent, Rental Growth, Occupancy, Interest Rate, Loan Amount, Property Tax, Maintenance Expenses, Purchase Price, sum of all Closing Costs (including commission), HOA Fees, and Renovation Costs.

As Sasha stated, that is at least $75k you need to bring to cover your current debts alone, plus closing costs on top of that.Leave the $280k @ 4.25% in place and find some way to pay off that construction loan. 

This property is in a great area for me in North Arlington (great schools, stones throw away from a huge community park, and close to I30), and the plan is to live in it for a year or so before renting it out (I’m sure I’ll be picking your brains when the time comes!).