Most of the homes we built on these lots sold at a profit, but a couple did not, again, because of the reasons above. 

And because it’s a logistics hub (FedEx HQ, major distribution centers, and growing industries), rental demand stays strong.I’ve been in Memphis my whole life and have spent over two decades helping investors navigate this market and build profitable rental portfolios here.

. :)  these are not credit score loans ( I mean I have a credit score) but thats just a formality its all about capital and relationships with your bankers and deposit relationships thats key as well.Yes your relationships with sub contractors will be a huge factor in profitability, both direct and indirect. 

Partnering with investors to share profits is another avenue to increase capital.

As you are partnering with your sister, have a legal document drawn up as to what happens if one of you wants to sell and the other doesn't, how expenses will be split along with money you are putting down, borrowing, profits, etc. 

@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

What would a fair cut of the profits be?

The ability to find a good sales price under $200K with low taxes and affordable insurance is getting harder to find but in Oh & IN its still easy.Inventory is strong and the rents are above normal so even though your under $200K you can still earn a good profit.

.Seems Pace Morby is doing this with people in foreclosure for "foreclosure avoidance" in AZ, TX, GA, NC, FL, CA and other places according to him. and says it is very profitable.

But, the profit margins look to be eye-popping, sometimes on the order of 10X or better.