I am particularly interested in learning about finding good deals, budgeting for renovations, and avoiding common pitfalls. if anyone has any advice, recommended resources, or personal experiences to share, I'd really appreciate it! 

I deal with the KC metro quite a bit

Lot Developers & Land Investors: With 100% LTC lot development financing now available for builders with takeout contracts, securing bulk deals with national builders is more critical than ever.🏡 Who’s buying?

This would be a buy and hold long term deal.

For small MFH/SFH you have to find the deal, inspect, estimates and decide what to do, make a deal, get financing, get contractors, manage contractors, pay contractors, then turn it over to a property manager.

I have a potential subto deal, that could be a great cash flow opportunity for someone, but the entry is a bit steep.

I think the numbers will far out perform a REIT even with a mediocre deal.

The biggest challenges as you get into more complex builds are if you are dealing with anything structural (rearranging the floor plan, removing load bearing walls), if you are adding square footage (it sometimes is tricky to tie the old building into the new building), or if you are relocating a lot of plumbing (moving sewer lines is messy).My recommendation would be to hire a qualified general contractor and you have way less to worry about.

And for reference my sister is dealing with a run down house in Louisiana that has a value of about $95,000 and she shopped multiple policies with multiple insurance companies and the best rate she could get was $2500.

I’d like to get a deal sooner rather than later because I feel like this is a good time to negotiate prices down.