For example this place claims to be able to rent for $6,000, and with 25% down that would be a $4200 payment, so $1800 cash flow (not yet factoring any sort of maintenance and whatnot of course, so just the mortgage/rent diff):https://www.redfin.com/SC/Columbia/1921-Pickens-St-29201/hom...Or to a lesser extent this place at $400 cash flow:https://www.redfin.com/SC/Columbia/1035-Kinard-Ct-29201/home...

I would also love to hear more about why you selected Fairfield County! 

@Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well.

Risk Mitigation: Highlight how you’ll mitigate risks, whether through market research, contractor selection, or conservative estimates.Philly B Class Areas:Since you're targeting B Class areas, which typically have stable rental demand but may need some renovations, a structure that combines monthly interest with a lump sum at the end may appeal to lenders.

Did you ever get any sort of agreement template that you ended up using? 

It is like selecting a car, they all basically do the same thing, some have more bells and whistles than others, but will you use all those bells and whistles or are you just looking to get from point A to point B.

So, you while many unexpected repairs are not avoidable, if you know where the flexibilities in your project are you can manage the project to completion by making these sorts of decisions along the way. 

Actually, above that I'd love to see an opt-out clause if X of the raise goal is not achieved before closing.One may try to say it's a bait-and-switch of sorts, on risk levels, to close w/o the full funds IF the chances of quickly closing out the remaining raise are not realistic.

.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.

Assuming since you're asking, you're not interested in some sort of traditional financing?