Did you end up taking the course?

I usually run several CMAs, with different criterial, and of course compare tax appraisal value with a wholesale price, add 5% as a fee to a transaction, in some cases.

Of course - having a w-2 job will never prevent you from setting up an IRA including a self-directed IRA.If yes, how can I fund it?

Of course have your costs researched first bc the buyer will want to know how much it will cost them to buy.

I know of some folks in KC and Memphis doing new builds like this, but they are doing it within a much larger and long-term project that includes upwards of 300-500 units built over the course of 5-10 years.Assuming you're looking in Columbia, do you have a "B+/C" neighborhood in mind?

It just up a bunch of course and killed my cash flow.

Of course the OP received the funds but the point I would argue is that if the OP received in Jan and not Dec in his bank account.

I lost over $20k in opportunity costs while my money was tied up (important lesson learned but wouldn't fit below)Lessons learned?

Kudos for taking action and adjusting course when needed!

So I feel it's not a fit for everyone.