Advice on working two deals simultaneously
I've come across a deal for an 8 x 1 BR 1 BA unit apartment complex at 100% occupancy with rents currently under market value. It's near a hospital that employs a lot of travel RNs and a small university so I'm confident that it can stay rented. By the numbers, it will cash flow $1,700 per month as is even after factoring in vacancy, cap ex. A ton of rehab potential as well.
The problem is that I am a physician getting ready to finish residency training (low cash on hand currently but will make $500K+ in my first year out) and I am in the process of building my own family home, something my wife has anticipated since I was in med school. It's nothing extravagant and well below our means, but the issue is timing. The property has only been listed 24 hrs and I know it will go fast. Any advice on how I can make both of these deals work simultaneously? Estimated completion for my home build is June 2022. I'm concerned that if I get a loan for this deal now, it will affect my ability to get a mortgage for my house when it's completed.