The contractor who is motivated to finish the project on time and on a budget is so hard to find!

This is the first Fannie Mae financing.The RatiosI am wanting to build a fourplex and then refinance to own as an investor and even own one as owner occupied.If I understand it correctly - it works like this....1) New fourplex monthly income and expenses projected by appraiser Rents of $1500 each unit Taxes at $1060.00 Insurance at $120.002) My gross monyhly before tax income $8500Less my debts (credit cards, loans, cars etc) for first level.

For my own reno projects, it took years to learn accurate construction costs and assemble a scope of work.

I have heard them mentioning them for several months on the podcast, and I believe I heard in a recent episode that the project of having one for each state is almost complete, but I can't seem to find them...

It might be an idea to rent a room in your house in the meantime, if you're up for it.I advise you to make a calculation for the next 2 years: all gains and expenses per each project, how much total gain you will have in 2 years if you do a flip vs a rental after paying all the expenses and mortgage and selling the home.

BRRRR - if you want to extract massive margins out of a property by taking on a project many others might be willing to attemptTurnkey - easiest possible way to get into a rental, but you'll get returns equivilent to the hard work you put in the deal:  Minimal

I was thinking we should just use our own savings to fund the entire project but then I am worried there will be hidden cost our savings cannot afford so I thought taking out a loan to help will be best. 

Think about a few things when considering investing in upcoming cities 1) Current or future infrastructure projects 2) population shifts over the past 3-5 years and projected population increase/decreases 3) research the area on municipal websites, blogs etc see what people are saying about the area and what local governments plans are.

I'd appreciate recommendations for a project manager or contractor in the Atlanta area.

I imagine your credit score will be better paying off one and move to the next project.