So, what I am going to write below is based mostly in just reading information online.The Alabama's relatively new tax lien systems is very similar to the Arizona tax lien system.

However, depending on local regulations and the type of rental you are doing, you may need a business license.

Therefore, that also tends to be the pre-development phase that garners the best ROI when executed well.

You live in one room, rent out the others, and pay your expenses with the income.

It just makes things so much easier because you will have the infrastructure already built. 

he does some incredibly detailed walkthroughs on BRRRRs and flips and he covers the types of costs that are often overlooked. 

I wish you all the luck in the world!

These are just rough numbers.

If you would like to avoid that process, then you can either close with a portfolio loan or DSCR, and just vest title in your LLC from the beginning @Lau Cor. 

I have often seen many people love the idea of building, but once they figure out the cost, those ideas change.For reference, here in Chicago, you can expect new builds to be between $200-$275/SF depending on MANY factors...that's just a very rough ballpark!