Investment Info:Single-family residence buy & hold investment in Dallas.

@Sarita Scherpereel holds real estate investor meetups in the Chicago area, and many house hackers go through there.

Your income is Sales priceLess Purchase PriceLess Costs to sell propertyLess renovations/repairs/holding costs.You mentioned having partners. 

Investment Info:Single-family residence buy & hold investment.

Even if your GC is decent was able to get your job done in 100 days, if it doesn't resemble the comps in quality then your 300k exit is now 270k and with all the exit costs and holding costs your 40k expect profit is now under 10k. 

If you are doing a BRRRR the rehab for a rental you intend to hold might be different than a flip you intend to sell.

I work with tons of investors, both local and out of state and 1 very common problem I see that is holding new investors back from getting a deal is 1 simple thing... getting stuck on the list price.

That way you can work backwards on the land price AND your holding costs while you're designing, permitting, and building the home. 2.

You would want to know if anything was ever built on the land (maybe a house burned down) because if there was a house then you would have potentially buried septic or oil.Buying and holding a lot for the future with topographical issues is only worth it if the price is negligible IMO.

No excessive fees upfront or during holding period4.