It makes total sense when you consider the time and effort involved.The average loan amount we handle is around $500k, with many in the $1-2 million range, so that's the battle we're used to fighting.

But I’d offer the same word of caution here: attempting this remotely when your project is in an out-of-state market (and with debt hanging over your head) is going to be an uphill battle.

**Occupant Cooperation:** Sometimes, occupants may refuse to leave, leading to prolonged legal battles.

But I got battle ready in full defensive posture. 

You’ve clearly done the math and know your market that’s half the battle.

@Tammy MasonSounds like you’ve found a solid location, which is half the battle.

That distinction can open the door to more traditional financing options, but it’s definitely an uphill battle educating lenders and partners about the process.

@Marc Warchol this is one of those situations where you can win the battle, but lose the war.Find out what the tenant wants and see what you can compromise on.Just be sure to subtly let the tenant know they also have to compromise.Be careful of allowing the lease to end or go MTM during Nov-Feb timeframe, when it's hardest to find tenants.Oh, also get the tenant to agree to assist with showings during their last 30 days of the lease.

But if you stick with it, lean on your training, and keep moving forward, you’ll win more battles than you lose.Stay sharp.

The state is very renter friendly so you have an up hill battle ahead of you.If you can afford the better side of Albuquerque, that may work since your other choices are so far away.