I run a turnkey provider and built new construction single-family homes in the area.

Are you looking at single family properties or multi to start?

Investment Info:Single-family residence fix & flip investment.

Hey Account Closed - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

What do people do when they run out of funds (liquidated credit cards and family members assistance)?  

Investment Info:Single-family residence buy & hold investment.

If you go with your traditional family insurance premiums will be about twice this, since they don’t specialize in this market.b.

A year ago I recently purchased my first multi family to house hack and I rant into a issue when the seller paid for a electrical upgrade to the home.

Investment Info:Single-family residence buy & hold investment.

We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!