Sergy there is a good swath of born and raised Americans that have never been out of their state or really the city they live in.. so your right they only know what they know given their environment..  

I think the main drawback is being on a Prepayment Penalty in a rate decreasing environment.

When Jaden started asking for money to set up a class, my friend wasn't comfortable giving his information over the phone and when my friend asked to do it online Jaden was being really pushy and rude towards my friend saying this is now or never, and when my friend still didn't want to do it over the phone Jaden dismissed my friend by saying "You dont think Kris is legit and this 40 minute conversation has been a waste of my time" and then hung up and that was it.

Just ensure you’re comfortable with the potential for initial losses and that you’ve built a reliable team to support you.Hope this helps!

My advise is to start with single family or a small multi-family ground up project first but this market environment is truthfully not the time to be completing any ground up projects unless you are self performing the construction which it doesn't appear you are in a position to do.There was a recent Philadelphia  forum chain started by someone else who was contemplating ground up in a similar fashion to what you are proposing and I cautioned they would be better off buying something that was newly built and believe after conducting their own diligence realized it was too cost prohibitive at this time to build with 3rd party GC's in Philadelphia when also accounting for the interest rate environment and cost to build.

@Heather Szucs - There are plenty of flip opportunities in the Denver Metro area depending on the size of project you are comfortable with.

My head is all over the place and I would feel more comfortable doing this as a JV being that it will be my first.

The last tenants at one of my SFH rentals were comfortable securing the property remotely based on the photos and video tour, signed the lease electronically, and sent all move in funds to me electronically before they moved to the area.

Environment issues, are there any Wetlands on my property, you can look up the national wetland interactive map https://www.fws.gov/program/national-wetlands-inventory/wetl...7.

If you are a doing an infill build-to-rent, that's fine, but in the current environment, it is very difficult to make any cashflow so its a 100% appreciation play.