It would be all new construction.

Hello BP Fans,I currently own 6 single family homes of which 3 are rented, 1 goes on the market next week for rent, 1 under construction and 1 waiting to close on.I'm putting an offer on a house which if i get, would be the most expensive rental I would own.

But he's local, he has other related construction and hauling businesses and crews and he's not aggravated by his tenant pool (like I am).

Both are priced way below construction cost.

Waterfront lots do sell and Wells Fargo and BB&T offer programs for folks to purchase lots with the intention of building but it is not construction or construction permanent financing to the best of my understanding.Good luck.

I never did this much spraying - this is slab construction, no basement.

DO you have a construction background?

You do not need to adjust your loan, you need to make sure when you renew rents you capture what you can.

So the recap here is you have the capital and more of the admin/management and he is more on the ground and construction.

Time to adjust & think of new strategies AGAIN.