As for mortgage rates coming to the rescue...

I was able to find a few lenders that would be willing to finance the project, but after breaking down the numbers I found that this project will not be feasible given the current interest rates and market rent.

Hello,I'm doing research into how the federal funds rate affects mortgage rates.

See if you can meet them or bring them deals. 

Welcome to BP Markus,These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

When the realtor percentage rates first hit there was a couple posters on there acting a fool.

Is this possible for a cash out refinance or rate term on 2 investment properties on the same loan that need to be refinanced and separated, or is this a unicorn by a rainbow sitting next to a pot of gold?

Most of my clients have rates in the 4-7% range, some with interest only.

I'm a licensed agent in both markets, licensed general contractor in columbus and soon to be miami, I travel to capital markets and the highest interest is in ground up construction and purchasing of entitled sites. 1 million is light for downtown but you can get 8-12 story sites for that that you can put high density on. phenomenal opportunities. best market in the country. you can sweat equity by doing the zoning meetings, helping on design, etc.

I'm so thrilled to meet others with some experience in this space.