I understand a fixer-upper would require a lot more work in accurately determining repair costs, finding good contractors, etc., but I think the learning experience would help set me up better for future deals.

A lot of loans require that you already own the land outright before they will provide funding but there are tons of different options.Once you have the funding piece figured out, I would discuss with a builder and try to price it out.

The design requirements are as follow:1. 6 bedroom (maximum allowed by the septic requirement based on lot size)2. 5 bathroom (Almost each bedroom has a ensuite bathroom) 3.

However, here are a few options:Private Lenders or Hard Money Loans: These don’t require traditional documentation like a W2 and are often used for fix-and-flip projects.

A lot of property managers will charge you more to manage section 8 properties because they require a lot more effort. 2.

What about land use and zoning policies that exclude affordable housing or even the high cost of living.Did you know that since January 1, 2020, California requires new construction homes to have solar panels?

An LLC requires time and money to create and maintain, every year. 

Hey Chris would love to visit.  100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down loan because the lower down payment requirement and rates/cost similar to a primary residence.

If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

Umbrella insurance is crazy cheap for the benefit, and it already requires you max out your liability on your other covered items.