.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

Quote from @Dawn Roy: My response is not relevant to this transaction as it appears everything is going to work out with your lender. 

If you find the right small town area it can work out well.

Where I am in New Jersey, the numbers wouldn't work out at all, but those numbers are good on your sale and rent for the build cost, especially since they should appreciate there in Little Rock steadily.

What would be my best approach, I assume find a private lender and work out some deal with them.

That’s why this investment didn’t work out as we had hoped.All issues with Nelson Brothers/Versity/Crew surfaced after the onset of COVID.

If you're worried about the tenant damaging the unit, you can work out a deal with a landlord/tenant judge where they can pay what they can and leave immediately.

Any repair (perhaps over a certain number of repairs) or time spent on a door outside of routine management is a "claim."  

I got the deed recorded today and I'm going try to get the numbers from the state and reach out to the developer tomorrow and see what we can work out.

My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.