Quote from @Timothy Fortin: Hey Bigger Pockets - I'm looking for some advice on how to provide comps to a hard money lender for 2 townhomes I'm building in New Hanover County, NC. 

Building a team from the beginning is key.

The BRRRR method is a fantastic way to build wealth, especially in Augusta, where there are solid cash-flowing opportunities.

House hacking is a great way to reduce living costs while building equity, and BiggerPockets is a great place to network and gain insights.Good luck!

Living in a very expensive real estate market (like my Seattle area), long distance real estate investing provides a dynamic path for building a robust and diversified portfolio that I didn’t think was available.

Build up job skills, build up savings, and increase your W2 income.

It was a learning experience but I made it work in the end.Mine was a 5 unit commercial building that needed a gut renovation, similar to yours. 

It's a duplex in Chattanooga (technically Red Bank) and we will be house hacking for the next couple of years to build some momentum and experience.

I want to build a small SFH or STR  on it. 

With time hopefully the numbers will be even more in your favor with appreciation of the property and you will have cash flow to continue to invest, also it is building equity in your portfolio that you may want to tap for opportunities in the future.