Soft cost upfront shouldn’t be underestimated either.

I did learn the comps in my zip code, bought a SFH property at auction, developed my skills with a hammer, paint brush, shovel, rake, lawn mower, got friendly with crawl spaces, learned to lay floors, patch walls, hang lights/fans, bought used appliances off CL, establish relationships with trusted trades, drafted a rental application and M2M agreement. 13 years and 26 SFH rentals later, my hobby cash flows life and is a great part-time time job. 

I would start out trying to find grants that could cover pre-development costs (soft costs) as they will probably be easier to find than grants that cover construction costs (hard costs).I feel like I'm rambling at this point since the tl;dr of grant writing is "it depends".

But I think (hope) it will be soft enough to find a deal in the next few years.At the same time FL is still the number 1 state for migration.

@Ashley Wilson - I'm not so sure that a recession is imminent; a soft landing as they say seems to be the most common outlook that I'm hearing due to the soft response we've seen from the interest rate increases. 

Typically in GA my ARVs are 250-300k, usually around 30% ARV in total profit after all soft cost including financing.  

Pre-payment penalties are often brushed a side by the folks who push DSCR loans only but can be hugely expensive when rates are at 23 year highs.

All its major cities are below the US average of +8.5% YoY, with Austin and El Paso tracking as the best and San Antonio as the worst.Texas builds more new homes than anyone else, so this could be causing the softness. 

I also keep a tentative soft approval with 3+ local banks to keep my take out certainty high and risk low.All in all this line pay down, pay checking parking, cashflow banking, whatever the marketing peeps call it has done well for me and the flexibility is nice.

They come into the application interview trying to find out how "soft" you are and if they can scam you!