U can have zero experience and just need a few bucks and a  good credit score and you can buy a home to live in or a rental.. but not development deals.. different ball game

After that, you assign the option and they exercise the option. 

Real estate is very similar to exercise you need dedication, repetition, and a solid diet (education).

You as the buyer also have rights under fair lending and you should never be forced to use a builders lender. 90% of the time lenders drop the ball and end up not being able to close on time or their overlays cost the buyer the deal and in some cases earnest money.I would walk away from a deal that forces you to put $50K in earnest and use some generic lender who may not even be able to close the deal.

I'm spit balling a little, but you have a create a deal to get the outsized returns that STRs offered a few years ago.

He immediately can tell me if it’s a property worth pursuing and can give me a ball point estimate of what the rehab may cost and what the scope of work will be.

Salt, Nebeus, CoinLoan and EthLend are still getting off the ground, there's plenty of room in this nascent BC lending market for someone with means (and balls)! 

Originally posted by @Taylor Chiu:I think it's going to be a while more before it's mainstream enough for rent collection Definitely the odd ball still, yet there are NYC landlords and private schools that accept for payment as is.

If you obtain letters of interest, you can exercise your option.

If the numbers are close than you are in the ball park.