Best of luck as you work to assemble your RE advisors. 

It has taught me well and allowed me to be confident in assembling my own portfolio that I run nights and weekends....and maybe some day, full time. 

Hey BP,I'm starting to plan for my future real estate investments and need to assemble and structure my team and business plan.

Fourth, assemble a team of experts, including an attorney, accountant, and inspector.

That may or may not match up with the sight you are trying to build on.See if surrounding property can be assembled and purchased for a reasonable price so that you can get a larger footprint.No legal advice given. 

As a seasoned investor, former attorney and title and mortgage brokerage owner, I have found finding and maintaining a good relationship with a contractor is by far the greatest struggle when assembling a real estate team.

Clear House rules, consistently enforced; routine periodic inspections; monitoring vehicles for current tags and insurance; and an easy to use camera system to monitor and document common areas 24/7 are a necessity.If, on the other hand, you have very little knowledge/experience with maintenance and repairs; or want to rely on a PM "app", and a "team" yet to be assembled...probably not a good idea at all.

Are you using one of the full service management firms, or assembled your own team?

I always advise that you assemble your team before you start your rehab business.

If you own the land free & clear, that equity may count towards the requirement.The longer answer involves assembling a comprehensive development financing package and finding the right lender.