I actually recommend house hacking as a first step if possible. 

Hi Ilina,I understand that taking the next step can feel a little intimidating, but you’re definitely in the right place!

Per the Cape Coral permit site, our construction is at the Mono Slab step.

Tight inventory can definitely be a challenge, but it sounds like you’re taking proactive steps.

If so, step 1 is rewiring how you look at things.

Perhaps an installment sale will also achieve what you want if you can keep their income below a rate thrshold. if they are sensitive to capital gains, then think through options where you can get it stepped up. 

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

I’m interested in using hard money for a BRRRR or flip project, and I’d like to take the first steps toward making this a reality.

While it may not be able to answer technical questions accurately like the number of days for a notice of default, it can educate you on the general steps involved and common pitfalls landlords make.Best of luck!

Builders are stepping up to meet demand, and buyers are taking advantage of opportunities in new construction that they simply can’t find in the existing-home market right now.