Ground-up construction is 10x easier than remodeling an old house.

Quote from @Jeff Calcaterra: We have a potential tenant new to the area who has gone through a paid background check, signed a background check authorization form, sent us a LinkedIn profile, sent an offer letter and says he is willing to send us paycheck stubs, but says he doesn't want us to call HR to verify employment because he is supposed to have found housing already.

Eventually they will build out a system or understand the value of a good PM company and what to ask, look for and keep an eye on. 

You can actually get an even better deal on the front end by getting things like closing costs and commissions covered by the seller and sometimes even under listing price. 

Quote from @Mike Hern: Quote from @John Delorian: Hi all,I'm having an issue and I was wondering if it is a common issue or if it is specific to my case.

.• I’ve started looking at affordable markets in the Midwest and South and have recently focused on Northwestern Pennsylvania after speaking with an agent there.• I’m also in contact with a property manager in PA to ensure I have the right team in place.• I’ve spoken with Sophia from BiggerPockets as a starting point and have watched a lot of YouTube videos, but I need guidance on taking the next steps. 

In my experience as an agent (and long before an investor) people who are ROI driven and don't come with a passion for brick and mortar do not succeed in REI. 

I met an investor broker and am considering becoming an RE agent to gain experience and surround myself with the network and environment of real estate investors. 

do you have an offer from a builder currently and by builder do you mean your house is a tear down and rebuild.. or just a rehabber who is looking to rehab the home and flip it ?

Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.