For one, if you have any properties with conventional loans on them, this makes things much more complicated and severely limits your ability to limit your liabilities.

I have private money family friend who wants to fund multiple investments and since I come from the construction industry they are confident in my ability to rehab properties.

Unfortunately social media has become a tool that's made it easier for many of these investment companies to get in front of their targets and suspect they invest heavily in SEO services  to get in front of the desired clients (those who lack the sophistication or resources/ability to conduct proper diligence).

Even if that is not your intention, the IRS could decide that is what it was which would mean that the seller would have lost his 1031 ability since he "sold" you the house when he accepted the first payment.

It can be stressful without contractor connections, but the potential returns and ability to quickly grow a portfolio can make it worthwhile.

If you have the desire and ability I wouldn't wait around for another year when you get here. 

Remember, not all off-plan deals are created equal, and the right approach takes experience, research, and the ability to think long-term.

There is good leverage and leverage.I grew up a cash investor and was scared of leverage, but it limited my ability to buy more properties.

It's also a bummer to be a creditor to someone who's over leveraged and putting investments on credit cards even if they are interest free for 21 months.I wonder what your reserves are like, both for your investments and for your ability to withstand a loss of a job or income.

Do you think this will impact my ability to rent the property?