Thank you everyone for your inputs especially the point regarding owner not needing permission from the tenant to enter the property  - I was able to work with my realtor, tenants realtor and the builder to gte the 11 month warranty repairs done.

For the Orlando Builder meetup! 

I see you mentioned $100/sft, do you know of any builders/construction companies in Austin area?

I have done a lot of those with small builders.. that way we get our rate of return on our note and at exit we made a nice spiff some times double to triple how much we lent..

You need margin for the point it’s 80 or 90% built and the builder says they’re out of money. 

We're currently under contract with a builder for a spec home + the lot next to it (so we'll have over 2.5 acres) and have discussed having him make some small changes which will up our costs a little, but definitely bring us joy.

We try to go 1 step further than the national builders we are competing with.

I just feel there are many residential GCs, who may be great builders, but are not fit to be running their own businesses, and this results in some horror stories and a bad reputation for the rest of us. 

I am a builder in NWA.I have given some investors opportunities to partner in builds with me.The deal structure is beneficial for investors because they get a newly built rental property for below retail price.Feel free to connect with me if it is something that would interest you.

Most builders offer a 2/10 warranty.