Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?

I’d love to hear more about the project and your experience with selling new construction.

Do you have recommendations on how to find lenders who are willing to work with first-time investors on rehab projects?

You have a “full” package including property(s) identified, acquisitions under contract, appraisals performed by MAI appraisers, historical financial statements, pro forma projections, surveys, title reports, feasibility studies3.

These larger projects are going to have a lot of steps.

Thank you  Using a LOC on your primary residence can work well for flips if the terms are favorable and you’re confident in managing projects efficiently.

Loan administration can have a huge impact on how much cash is required to advance projects.

I love house-hacking for Tampa Bay for a few main reasons: 1) great long-term outlook on appreciation; fundamentally strong market and growth projections, 2) diverse opportunities of house-hacks from luxury house hacks, cheap house hacks, room by room, STR, MTR, etc. 

Once you've gained enough experience, you can transition to more BRRRR projects.

They offered to provide projections or a pro-forma.