Quote from @Adam Bartomeo: Quote from @Jay Hinrichs: U also are fighting all the investor who flooded int to build new homes for rental purposes so OVER supply.. and we know a ton of those got stuck with bad builders and are being worked out so supply is going to keep coming in ..

I was approached by a wholesale partner and flipper partners (whom I’ve done private lending for) of mine about me purchasing 1.5 acres to develop 12-16 single family homes on.I would be responsible for purchasing land and getting it prepped to build. 

Lastly, they like building relationships.

Turnkey is safer, much harder to get your net yields to pencil, and you lose out on building immediate equity through renovation.

Keep in mind that with a mortgage you are also building equity, so that's a plus.

I am starting up my business and in the process of building mine out.  

You want to build the longest runway possible.

This is a good time to choose a closing attorney you trust and like, start building a relationship with them and bring them business.

Budget $15-$20k for a rewire.To take it a step further, if you build a relationship with your subcontractors they may even teach you how they estimate so you can repeatedly build a robust estimate completely on your own.Excluded from the above is foundation issues & outages in the framing (often caused by foundation issues).

Start SavingOnce you land a job, build up your savings for your first deal.