Construction to Permanent Loan

[Augusta Owens]

I'm a 3 month real estate rookie, but I feel I have a fair amount of theoretical knowledge, and its time to take some actions. I have a duplex house hack on the horizon, but I know its not an avenue I can use in the short term to leverage growing my portfolio. So I have plan of using a construction loan on a distressed property and making it a rental as one of my learning opportunities in the game. I know its ideal to go with a local bank or credit union when looking for a construction loan, and I'll be looking specifically for a construction-to-permanent loan. My question is besides a competitive rates, what else should I be looking for or expect? 

Any and all input would be greatly appreciated. Like I said, I know I have ALOT to learn, but I'm positioning to scale as quickly as possible while still being mindful of my loan to debt, and not overleverage myself.

[Chris Seveney]

Quote from @Augusta Owens:

I'm a 3 month real estate rookie, but I feel I have a fair amount of theoretical knowledge, and its time to take some actions. I have a duplex house hack on the horizon, but I know its not an avenue I can use in the short term to leverage growing my portfolio. So I have plan of using a construction loan on a distressed property and making it a rental as one of my learning opportunities in the game. I know its ideal to go with a local bank or credit union when looking for a construction loan, and I'll be looking specifically for a construction-to-permanent loan. My question is besides a competitive rates, what else should I be looking for or expect? 

Any and all input would be greatly appreciated. Like I said, I know I have ALOT to learn, but I'm positioning to scale as quickly as possible while still being mindful of my loan to debt, and not overleverage myself.

I would get a bridge loan for construction and then move it into a DSCR once completed - that is what we do for a alot of people