Buying the land right (at a good price) will determine the end result of cash flow (if building the home to keep) especially as you factor in Holding costs and Builder fees. 

You will incur more lending costs but you will only be in the first loan for 6 months.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

Sure don't do the renovation, I only do renovations that project a return of 2x the cost of the renovation.

(that means I work for Airbnb as an independent contractor, a paid, by Airbnb, consultant to new Hosts).Here is my "tip" that I send to new Hosts:"Pricing is key and worth doing some homework.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

There are some very aggressive investors that refi into interest only products to free up even more cash in the short term - this can be much more risky though, so not recommended if you are not very experienced and have large reserves.

I had a client who kept waiting for a better rate, only to see it jump 0.5% overnight costing him thousands.

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

Reverse 1031 Exchanges are more complicated and have higher costs, but can solve these problems.