Start small, build a reserve fund, and work with local experts to ensure your first investment is a solid one.Good luck!

Have they started building yet? 

It sounds like you are off to a great start for 2025 and have a good plan.Finding good deals is often the most difficult part of the process. 

I understand it become tad difficult to refinance since some lenders wouldn't lend on the home in trust, but is it easy to sell a home in a trust, just like you are buying in a trust?

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.

For your out-of-state BRRRR plan, building a strong local team in St.

My wife and I are looking into building a duplex on it.since I am still learning on investing in real estate.

In my area these are rare so they are difficult to set market rent, and I imagine get a lot of wear and tear with a lot of occupants living there. 

Quote from @Collin Hays: From a macro standpoint, cash flow is difficult when servicing debt, at least in the early years. 

You have to have confidence and the Sponsor needs to build a relationship with you if he wants to be sure you have some insights into the risks of the types of deals you would be funding.