DSCR would be in the same ball park range of mid-high 7s with good credit and 20% down.

If you are not sure what something costs you can either do the manual research or, access construction estimating software which will ball park your costs.

How do we get the ball rolling?

We should see a reduction in licensed agents.Of course, none of have a crystal ball but what I do know is that With Big Change Comes Big Opportunities.As always please feel free to reach out if you would like to discuss this further.

I come in and make low ball offers within a couple hours after I walk the properties with the listing agents if I like the houses.

I am working as a consultant part-time so I have the ability to set aside time each day for research, meetings, etc.I don't necessarily need a lot of cash flow on the front end but would like to "get the ball rolling" to start building equity.Any advice on how to get started is greatly appreciated, thanks!

It's just a different ball game in it's entirety. 

Do not get a rep for agreeing then backing out, you will get " black balled " Good luck PS if the extra 5- 8k kills the deal it was not a deal to begin with :) 

There is no 'title seasoning".Great way to use your own money as the bank and keep the ball rolling...If you have any questions in detail feel free to reach out I am always happy to talk REI.

The drafter will tell you what the expected timeline for design will be, timing for permits with city, what the lot and zoning allow you to do… etc The contractor : has to be someone that knows how to do the work (experience), is not too expensive so that the investment makes sense at the end, but is also not unrealistically cheap, to the point that they won't finish the project or they will simply run off with your money… Assuming you have an honest and experienced well priced contractor, then they will give you an understanding of costs for the entire project (a ball park bc you won't know 100% until you get RTI permits from the city (approval)).