You tied up 70k and a minimum of 6 months just to go through this process. 

Your informative account has helped fill-in a few progress blocks in my own process. 

No question is ever too small or “stupid” here—curiosity and determination are key to success in this business.

I have never seen a hard money loan take 8-10 weeks to process. 

However, I have helped a couple people with extremely basic home layouts when they were in the process of remodeling their home.

Finding a good position in the market comes from understanding how to navigate the current phases of the market and how to successfully perform during the current phases!

When tenants aren’t able to achieve long-term success, they’re more likely to move out in search of a more favorable location. 

There is a lot you need to know to be a successful investor and landlord and while nothing beats doing it -  as the best way to learn - you really need to have a good understanding of the fundamentals and the ins and outs.

A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

So even if new construction were to pick back up, it would take at least two years for anything to hit the market.What I really like about this area is how difficult it is to build and how long the permitting process takes.