However, I know a bunch of people (back in the day) in Southern California were buying Phoenix homes on spec.

The back house can rent for $800-$1000 per month, when I compared what other units in the area with the same specs are renting for.

I then had to point out there was no way to silence a false alarm or change the batteries without risking breaking my neck.Around late March my art exhibit (the non-real estate project) wrapped up and I could focus my attention back to the house.

Also, if you let the contractors know you are an investor and using this a spec house you will likely get slightly better terms. 

I'm also in the process of building a spec house with a partner in a Texas resort area, which is a first for the both of us.I think I am unique in that I have only ever used commercial loans to buy investment property, which I hold in LLCs. 

If none has been done then you will need to have a septic company come and spec one out or a plumber who can do city connections.

That is not what he was saying, but if you have some lenders on line that are in your state, send them a spec sheet of your proposed investment and see what they can offer, what terms, what rates, what fees, etc.Building a private money investor network is also key.

Spec out the product with them and then choose your colors.

They are battery operated and work with your wifi system.

Joe Kim You don't lose anything on wholesale, only time and battery, if you so choose to marketing materials, that too.