I do see many investors incorporating a similar strategy with new construction builds, heavy rehabs, or in instances where the property was bought far below market value (usually a wholesale type transaction).

Buy low sell high with frequency. 3. flipper for investment property owners or home owners.. 4. ground up construction. 5. entitlement work on land and flip6. entitlement work and do horizontal and sell lots to builders and homeowners.7. 

Quote from @Dan Grove: Some combination of cash to seller, closing costs, repairs, construction, paying off arrears, assignment fees, commissions.   

Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home I do want to also add that my banker who is the VP of lending and branch manager has been banking me for 30 years..WE have been through all he ups and downs including the GFC were I got almost totally wiped out financially..

Hell, even the Amish look at our construction methods and chuckle. 

I have always been interested in home construction techniques that are different or older.Container homes, these sorts of shot-crete homes, bale homes etc.The biggest issue is not that fact that they will rent, for if they are in the right location, of course they will rent just fine.

@Martti Eckert in our opinion, you'll need to be really familiar with construction, including costs, or be able to find somoen on the ground you can REALLY trust (but still verify).

Maybe for a newer construction is not but older homes (<1970), it is real.

In Jersey City rent control only applies to older building that are 5 units or more not new construction.

Nobody likes living in a construction site.Keep on keeping on and find some hybrid strategy that ticks your boxes.