Over the next 3 - 5 years I plan to 1031 exchange all of our single family homes and purchase another 40 that won’t have mortgages (we use the lease option model to sell our properties to maximize profits so we cycle through properties every 3-5 years).

That raises the cost esp in a small SF model....

There are so many ways to approach this model, from buying existing, to retrofitting homes, to building new.

I haven't heard any who recommend a primary business model of buying notes with the chief intent of foreclosing versus getting the owner re-performing considering the cost and time required for foreclosure proceedings as well as all the unknowns that come  along with it.

They all use the same business model.

Just before we launched our first couple MTRs we started reaching out, networking, and pitching our model to local companies.

I am the opposite I have never bought new tires for a car in the last 20 plus years except for my Porsche which chews them up. and my model X Tesla which weighs a ton.. when i need new tires I get a new car :)  PS when the clutch went out on the Porsche at 25k miles and out of warranty it was 5k to fix it..

As for short-term financing, they are fairly easy to work with but the biggest hurdle is their internal credit model.

Hey Joshua,I'm currently in the throws of a development project in Brooklyn, and the $300 a sf model is a little light, especially if you plan on decent finishes. 

Instead, focus on immediate delivery units or work with reputable developers—we have a trusted list from 9 years of experience.For something even more under-the-radar, there are also other emerging markets in the Mexican Caribbean that are becoming very attractive for investors—less competition, lots of potential.Let me know if you’d like more info.