Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

The total contract is 20+ pages, which I cannot share due to the personal information contained in it.Hope this helps!

It will likely be a web of contractors, engineers, and architects, but some those are ultimately leading to the developer. 

The default rate is only 1% per month which is 12% annual.I assume there are more pages to that agreement

If you and your wife are on the same page, I say absolutely go for it.Don't worry about the naysayers telling you to invest out of state if that's not something you're comfortable with right now.

Which would be a few thousand pages long of who charging what % import tariff on what USA goods. 

Jason, or WHOEVER you really are (your BP page gives absolutely NO information about you - typical for those “keyboard warriors” who spend their time trying to “get even” for the bullying they endured during childhood)Your tactics are reprehensible, reminiscent of Wisconsin Senator JOE MCCARTHY.  

I would recommend you use the profile page BP.  

All over the web.

Meetups are great, do your diligence on gurus as much as your would anything else in real estate, but you have to remember some of these gurus are worth a lot of money and have the knowledge, training, coaching, and most importantly network and influence to help accelerate your business. so are they expensive .. yes.. could they be worth.. yes, depends on you.. your ability, and progress. but if you dont have money, then i suggest learning everything you can for free, go to local meetups and reias that dont pitch and connect with as many experienced investors as you can, you may connect with me as well, my contact info is on my page.