If you are stuck on it, do not pay for a course and you better go for a grand slam out of the gate. 

this is a direct relation to lack of inventory.. new construction on many markets is as robust as its ever been.. we have had spectacular years the last 3 years of course during covid was tough with supply chains but my 500k house I am now selling for 700k and my build cost have gone up by maybe 100k.. so record profits for us.. 

There is no one size fits all answer for this question, market to market, and property to property are all different. 

Of course don't go there just looking for business, you go because you believe in whatever the group is doing. 

Of course all your cash flow is gone.

Of course not!

Also, coming from running a business just think of RE as a business (which it is), the numbers have to work and your investments need to fit into the big picture.

Of course you don't want to over pay for land, but site conditions and construction type will dictate costs....is there underpinning?

I'd start by refining your search criteria, researching the surrounding markets, and comparing them to what best fits your needs, etc. 

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