I didn't have much money, and not much experience but I used my background in finance to put together a syndication and buy an old office building and drive thru on .59 acres with the purpose of developing housing.My passion was creating housing in a city with under 2% vacancy and skyrocketing housing costs.

Any of these will leave you in a much better position for success, and provide a greater income while you learn.  

For example, one exemption is tied to your total revenue which is $5M in gross sales or receipts in a calendar year. 

We came to an arrangement where any sale price over $1 million, minus construction costs, would result in a profit-sharing opportunity.I’m currently trying to determine the After Repair Value (ARV) for the property but am having difficulty finding reliable comparables.

Once in a while, you may have to do so if the material vendor requests it.

Pro tip--make sure your exhaust fan in the bathroom is vented to the atmosphere--meaning out to the outside.....go out the roof or out the side of the unit or secured to an opening in a soffit vent grille off the house. 

You also kind of have to accept that you'll get nickeled and dimed every once in a while by a PM.

One very important point, in a subto that you sell on a wrap, you no longer own the property.

It all comes down to comps in a given neighborhood.

However, this could also portend our own situation in a year's time if we take them.