Student loan debt is a big hurdle preventing some people from being able to even get into real estate.Good luck, you're in a good spot at 18!

What's y'alls method for interviewing and making relationships with the various contractors? Just start making calls and seeing if they have availability first and then go from there? Obviously licensed is main thing,...

Am I being unreasonable in expecting him to rent the equipment and me pay for the completed job or to reimburse him after the equipment is returned and there is no longer any liability for it?

While it isn't common, people do back out prior to move in and I think it is unreasonable to think they should lose the entire SD.When we collect funds prior to move in we have them sign a separate document (lease is not signed until move in day or very close to it) that spells out what that money is counted as and what it is converted too if the lease moves forward and if they back out.  

Lots of variables with multiple props like this.Expecting to get this kind of deal at conventional rates will be your biggest hurdle for this one...Nick Belsky

Pay all previous and current property taxes, pay the planning fees, record the new plats, wait for the new property tax numbers to be assigned, go through the neighborhood comment meetings and all other processes involved with zoning.The other hurdle was getting the lender to sign off on the subdivision.

Found a few that charged an arm and leg upfront (5.0% origination fee on commitment and in some cases collecting carry before full principal is repaid along with a hurdle in the payment waterfall).

I do understand that not having my W2 job will create hurdles initially, but my W2 job was also limiting the time I’ve been able to invest in real estate.

I would not acknowledge the renovation noise if it was not unreasonable or excessive. if it makes it easier you can tell them that you were going to raise the rent to $40 and choose to only do $20.

@Leon Doucette  the model of 51/49 sounds great, however might be a tough sell if they are financing 100% of the please let me know how that goes. thats giving you full control of their cash and seems like an unreasonable ask.