And I'd then have a big fat mortgage.So after 6 months, I can cash out refi, have a mortage, and after PITI, account for property management, saving for cap ex, repairs, etc, I could cash flow $100 a month. 

That could potentially burn a bridge with that particular GC.

Investors get burned by contractors all the time. 

Nice guy but he relapsed and covered the heat lamp it the bathroom with a towel and left it on, started a fire, towel dropped and burned plastic tub, corner of cabinet, soot everywhere.

The saying " pigs get fat, hogs get slaughtered" seems to apply.Terry

Seller has a property that caught fire and its not livable. How can I make an offer to seller?Is it the same as running comps to get the ARV?

The first property was a single family home that we essentially wholesaled and then we turned and burned for the big stuff.

I suppose it may work if you have a burning desire to do it.my partner in my airplane is doing something similar in Oregon he started a tiny homes manufacturing company ( making his own) and he owns a nice chunk of properly zoned dirt in Oregon 10 acres .. its worth about 3 million as it sits.. but he is going to sell the tiny homes then do 50 year leases on the under lying dirt so in essence create his own park as it were.But he has the Dinero to follow his whims and social desires of creating affordable housing for the mass's. 

I am fine with it but my own concern is obviously if he burns down the place with the gas stove.

Evaluate how much time you burn a day because you "deserve" to relax?