The goal is to move into another property by spring 2025 to do another live in flip and keep this property for a few years at least.What made you interested in investing in this type of deal?

Bank financing is very tough for anyone starting out so HML is generally ( unless you use your own cash or cash in your network) the only funding there is.. the goal has to be though moving towards bank financing so you get the best deal possible.. right now I am at 1/2 point and 7% and my bank pays for my appraisals.

It’s a smart move, especially since it ties in with your goal of saving for your first investment.For skills, you probably already have a good foundation with your sales experience—things like communication, organization, and dealing with clients are all super valuable.

Zillow seems to think it should rent for $723 and Redfin says $670My real estate goal is primary for long term hold.

I have expierence in new construction, that's not a problem.Here is elaboration on the last 2 items:2.

The last route would be the BRRR method.

The 6.75 rate is a conventional 30 year w low closing fees (the credit union I used last time).

Verifying last 2 years of rental history very important!

For example if you were to exit a new build in 5 years there may be no cap ex cost (i can think of few cap ex items that does not last 5 years - maybe carpet in class c and lower), just maintenance costs which would be fairly small.Best wishes

That was some time ago and opinions do change but last I had heard it was positive.