The home is the bait pile and the buyers are all coming to eat.4.

Repairs, no matter how small eat into cash flow.

If it takes you two years to get permitted, you would need to find land that already has plans that have been approved, otherwise the carrying costs on the loan will be too high and eat any potential profits.As for financing, finding money from a bank or anyone, for spec construction right now is extremely difficult, and the fact you aren't a contractor and don't have any experience adds to that.You mention buying the land and using it as a down payment.

I'm thinking I will oversee the project because a general will definite eat into the profits with their added costs.

OTOH, if you agreed to split the work 50/50, you're willing and able, and he's unilaterally decided to take it over and charge you, I can see where you would be upset.I have at one investment where these management fees eat up pretty much all the money the deal is making.What if more money is needed?

I won't have a car and not 100% sure on timing, but I thought I'd toss the idea out there to see if anyone is around and wanted to grab a drink or bite to eat.

Market got tough and everyone at my house still wanted to eat.

Condo fees definitely eat into profit, but not all spots have fees.

That can easily eat a $100 unit month profit.

Seldom did we eat meat because we could not afford it.