Hello!I'm looking for some residential construction intelligence in the Charlotte area.  Specifically the current competitive rates for new construction trades and materials (e.g. foundation, framing, plumbing, electr...

We're now interested in the dirty details that people have gone through using the 203k loan.

First step is a very rough estimate to see if the property is worth evaluating further, next is a detailed estimate on your own when you go out to view the property if you do so that will decide if you want to make an offer. 

A good QI will ensure that any details of a Construction 1031 are taken care of, so I would find one you trust and then consult them on the best course of action.For a little light reading, here are some articles on this type of exchange: http://www.exeter1031.com/construction_1031_exchan...https://www.1031exchange.com/improvement/https://www.cwscapital.com/insights/understanding-...Best of luck!

@Lauren Speidel thank you for the extra detail.  

Feel free to PM for more details on the project. 

@Steve Vaughan, thanks for the detailed description.

I have some questions about how our profit/ payment structure is setup, here are the details:--- 4 Owners in an LLC taxed as an S Corp--- Myself and 2 other people have 30% equity ownership and the fourth has 10% equity ownership.Currently we have agreed on that the GC/ my friend/ business partner who is a 30% owner, gets paid every two weeks an hourly wage but that payment is deducted out of his profit he receives at the end.Should these hourly wages not be deducted from his profit and he makes profit plus hourly?

So I am planning on figuring some type of possible commercial activity tax depending on City/County/State regs (payable by the 401k entity) and detailed on its own tax return, based on my BP education in process.    

Search BP forums for "drive for dollars" to get more detailed ideas- Buy a list of multi-family properties with absentee owners and market to them via mail- Try to find another agent that is more investor-aware that can help you search- Find a local investor group to network (you should be doing this anyway) and try to find deals