@Aaron Francl Thank you for providing a couple aspects to think about as I embark on this journey.

Took time over Christmas to dive into all aspects of the website and found the "live in then rent" model discussed and thought I could do it.

First, I think you need to define what exactly you're looking to get out of all of this.

In metro areas like LA, NY, Denver, Chicago where housing is already scarce and expensive, there can be more risk as rules are not necessarily clearly defined and there is more concern about the housing for LT residents.

I have had experiences dealing with production builders in the past, learning both the positive and negative aspects of their work.

Set up purchase criteria that will define success for you, an arbitrary minimum purchase price is not a great criteria, instead I would use something like proximity to good schools, neighborhood improvement trends, etc.Finding good deals is really tough right now so it is important to have criteria that are solidly grounded and based on reasons that will steer you toward profits.

But the 'deal' part may need to be defined differently.

The legal and regulatory aspects of selling a home, including managing the necessary paperwork and ensuring compliance with local laws, can be a bit overwhelming.

Together, you can carefully consider the financial aspects by comparing the potential income from renting to the costs of selling, including any repairs needed to make it more marketable.You may qualify for a conventional loan with a down payment as low as 3% to buy a new one.

For closing costs is there a list I can find that defines the 4 different groups.