How do you finance the tear down do you add it to construction?

The seller was interested, but I got busy and didn’t follow up fast enough.

If you used them to purchase another rental/ use for another business endeavor...the process starts over. 

If you lack the funds to flip any other way, go for it, but do understand it's not a business model for long term success. 

For example, avoid wasting time comparing new construction with sun-soaked windows to basement units with stained drop ceilings.

I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals.

There is so much cost to running a (any) business, even changing a light bulb is expensive for a PM.

Lee Arnold is by far one of the best people in the business.

Here are my two cents...I recommend starting in a market with strong fundamentals, such as steady population growth, an influx of major corporations or large businesses relocating to the area, an affordable cost of living, and high rental demand.

Would taking out a small business loan make sense st this point?