Hypothetical question here as I'm not in the process yet. Going to be once I get rated from the VA.

I want to do new construction on a 4plex. Live in one unit to satisfy the requirement to be owner occupied. My question is, specifically about the builder and appraisal after completion.

Say the units are 1400sqft per. I've seen posts online anywhere from 125/sf to 160/sf. So 700k-896k. Once it's complete, do homes typically appraise for more than the cost to build?

One other question, obviously in a new construction home, there's no history of tenants in the home, so no proof of rental income. Is there still a way to estimate rental income in order to qualify?