But don’t worry, you’ll work with your agent ahead of time to agree on what this is, so you won’t be surprised at the finish line.3.

When finished, I re-financed and paid back all my friends and family + interest in 10 months!

The DIYers are welcome, but these kind of deals take a solid 150-200 hrs for the average first timer from start to finish and a minimum cash position of $175k (if you DIY the design/furnishing; more if you want to be hands off).  

And once I finish the due diligence, my work is done: it's completely passive.

I just finished the BP book by Avery Carl and am hoping to borrow from ourselves to fund our first vacation rental. 

There’s no reason to go through a disaster (I'm mid recovery myself) and not get the financial upside by becoming the developer and selling a finished product versus raw land.If you have to completely rebuild, it’s a two year process at minimum.

Quote from @Scott Scoville: Quote from @Jim Haertjens: Quote from @Scott Scoville: Just finished one of our bigger projects.

Finished up one bag of popcorn, reaching for the second….

And once I finish the due diligence, my work is done: it's completely passive.

But I do plan on transitioning into working the wholesale process from start to finish myself as that’s the road to making more than the $10k he offers.