If you are renovating the building you will also need builders risk insurance coverage which can be removed once the renovations are completed.

Long term buy and hold real estate is a tried and true wealth builder.

I am the developer and the builder for all my projects and usually just do a few projects at a time.

@Christie Gahan SDIRA Wealth specializes in building for rent properties they are builders.

These must be extremely light rehabs, I’m doing what I would consider a very light rehab, with honestly maybe a minor step up from builder grade, 1200 sf, 1 bath house, materials alone are 25k

If it is an Owner/Builder then you can do it yourself and low ball the estimate for a lower permit fee but if it is too low DCRA will not accept it.

I got my real estate license which the builder gave me $10,000 closing cost

Yes, if you have zero desire to build or live there and can’t find a builder to partner with.

So, if interest rates are a buyer’s primary roadblock, then I recommend seeking opportunities to negotiate a reduced interest rate from a seller or looking at new construction, where builders are offering rate reductions and other substantial incentives.

Lessons learned, how did you find your builder, what has been your strategy you implemented and how did it turn out?