Memphis is one of the best markets for the BRRRR strategy, offering affordable properties, strong rental demand, and solid ARV potential, making it easier to pull all or most of your money out after refinancing.

I  plan to pay approx 200k cash involved in the entitlement process.

Instead, they focus on key metrics that make a deal work—cash flow, GRM, cap rate, local landlord laws, etc.

This is one of the occasions where the lender's internal policies will absolutely matter. 9 out of 10 lenders may get a NO decision from the risk team, but then 1 will be ok with rolling the dice and risking having to eat the loan if they get hit with a buyback post-sale.Fannie has a service desk that the lender can call for guidance.

All of this makes a difference for valuation.

I needed a model home to promote the homes I build, and it gives people a chance to see the finishes in the homes I have listed for sale during the construction process.

If they are that concerned they can make themselves scarce the day(s) the company comes to treat.

She only makes her money on the 10% rental fee.

If so what was the process like?

I don't think this would cost much to make the additions so could be a significant way to force appreciation if re-appraised at close to the full value.