Now new real estate investors or those who want to invest think they need to "build a team" in order to buy their first SFH.If you aren't handy, don't understand construction/PM, lending, insurance, and real estate law then that needs to be your focus. 

I am passionately convinced that concrete printing is the future of residential construction, especially here in the south.

Three years ago I bought my first big rehab project for $81k, and got a 10 yr. construction loan from a local bank to rehab it. 

Some lenders may have a rehab/ construction type loan that can finance the purchase and repair costs but have a 6-18 month balloon that would require a refinance. 

Personally, I'm betting my own money on it, looking for investments now that our inventory has creeped up to about 4 months supply, which is still pretty low compared to most markets.  

I am one of the very few STR's in a town surrounded by 10+ wedding venues, university, businesses, mass construction, etc.

Purchase price: $735,000 Cash invested: $1,060,000 Sale price: $2,825,000 Single Family Home New Construction project in Sherman Oaks.

I agree that networking is your best bet and aligning with a mentor is a great idea.

Thank you. you are going to have to report it one way or the other. if you spent $50K-60K on construction labor, IRS is going to ask you who did you pay all that money to?

Bet it all on black in Vegas?