While operating as your own GC this will save you money, coordinating can be a bit challenging.Once you have decided the level of involvement you want in the project, just get bids from multiple vendors based on the same statement of work and compare the offers. 

For holding vs. flipping, let your goals and market conditions guide you—flipping can build quick capital, but holding offers long-term gains.

According to the National Association of Realtors (NAR), as of 2023, housing inventory remains 40% below pre-pandemic levels, leading to heightened competition in many areas.To be considered a neutral market, not seller's or buyer's, the specific market center would need to have 6 months of inventory.

It offers tax benefits, such as mortgage interest deductions and depreciation, reducing taxable income.

Is yours unique, or is there a lot of competition?

You have to get contractor bids to qualify, but ten you can do the work yourself after closing and build sweat-equity.2) Be very picky about the next property you buy and make a bunch of lowball offers to find a motivated seller, willing to sell under market.

Check with a few local credit unions as they usually have the best HELOC offerings.

Highlight efforts to minimize displacement, such as offering lease renewals or supporting affordable housing initiatives, and share data to clarify financial realities.

@Dave Harlan They have an amazing product but your better off using a mortgage broker with a great reputation for customer service because they offer wholesale pricing advantages to their brokers and the only complaints I've ever heard about them have come from service issues on the retail side.

Currently, six properties are under development, with many more planned for 2025 and beyond.This inaugural home, built for an investor, was completed for $275k and offers an impressive cash flow of about $500 per month.