Anyway, you mention you've "developed a strong foundation in market analysis, design, and project management", which are all important in the development space.My question, what areas do you feel you are lacking and are either trying to develop those skills yourself, or you'd prefer to bring someone onto your "team" that would provide that expertise? 

I think deciding on a market is a really important first step. 

The most important point to be take from this for new investors is that investing is not a path to getting out of debt.

@Todor Ialamov Being conservative on budget and time is so important, and I completely agree about the importance of ARV and managing contractors carefully.

Borrowers in certain states or with high credit scores may qualify for  80% cash-out , but it’s important to weigh the pros and cons.

Many people just ask the rates because that is the probably the only factor they know, so it's important educate them how several factors can also influence the rates.

However, it's important to keep in mind that shorter seasoning periods often come with different terms compared to a a cash out refi with 6 months + of seasoning.

It's one of the most important elements of making a deal happen.

I agree, it's important to really understand the basics and start small to get your feet wet.

Once you get the deal under contract, your RE attorney will also run a detailed title search to uncover anything else of importance.