Constant 80 hour weeks, late nights, and stress and distractions that massively affects family time.

If you're planning to use it as a true revolver, an equity line of credit is probably still the best option, even at 10%+, because use of the funds wont be constant.

I also still don't get it how these so-called GPs are genius enough to constantly pay investor 16% annualized LOL i was like seriously dude ?

A lot of people don't have a whole lot of interest in living in constant fixer-uppers, so you have to have the right mentality for that.A variation on it, if you want to live in better homes that aren't great rentals, is to, again, buy homes that are under market because they need some work, do the work, live there 2 years then sell for a profit and keep all of your capital gains.

I’m constantly taking inventory of the lenders financing ground up projects in my market which is Philadelphia. 

Old home basement aren't meant to be perfectly dry like a modern house, but you do want to keep them from being constantly "wet" as opposed to occasionally damp. 3.

There's honestly no way to know for certain the work is being completed correctly whether you are local or a distant investor unless you or an owners rep with knowledge of construction is there constantly checking on the work.

I also changed direction in mid-stream. . .Homeowners were a young couple with a newborn.

Host an open house and tell everyone to show up then so you're not constantly coordinating with a bunch of different prospects.

Section 8 does have challanges but the oppertunity to make multiple income streams and even expand your real estate investmets can become much greater.