Hi @David Eiges,First I must say: If you can qualify for an FHA loan which is only 3.5% down-payment, I think that would be a better product since you plan on using the property as your primary residence.

Listsource has a sister product called Real Quest, same company, that is better for looking up individual properties.

Ask your favorite local lender about their renovation products to make sure you understand all the options available to you but understand that not all lenders offer renovation programs and not all those who do are good at them.  

I just read the main employer began steep layoffs because they are halting production until prices recover.

The new construction turn key thing is faster for us but production builders.

The closing costs (I feel) are high on all of their products Im being offered.  

We really like the MFH products and have closed on holds and ground up and rehab for them as well as SFR's.

Focus on income productive things and hire out everything else.  

there was a lot of failures in this model with some of the poorer providers who are no longer in business. this led most TK operators to only offer product post rehab and many with tenant in place.. of course the holding costs of doing this must be backed into the end price.So if you can find a VERY good and reputable company that can do pre hab type deals you should be able to get a better buy as it relates to basis in the property.  

Unless your in a market like the Bay area were you pay 1.5 mil for the lot and build a nice spec for 200 a foot say 3k feet for 600k  and have 2.1 in it and sell for 2.9  which is common the 15% of project cost work.but if your in a market were lot is 100k   build is 200k and end product say is 350k.. and you pay 30k to the builder that is far to much by double.we hire for flat fee if we are financing the whole job and they are simply acting as GC and have no monetary involvement.  10 to 15k a door. is what we pay.. and if we are so inclined there can be a bonus if we do real well.hope that helps.. careful to tag your jobs to % of gross construction costs you may not like were you end up.