You are assessed interest but it gets paid back to the account and you get to keep it. 

My client has strong FICO & liquidity, but the challenge is transitioning from fix & flip to new construction—no prior ground-up experience.Any recommendations on lenders who work with first-time builders in this situation?

Yes, subto is riskier, but it's also a pretty sweet monthly cash flow on a solid property that will appreciate. 

My name is Ama and I have been wanting to get started with real estate investing for over 10 years now but there has always been something stopping me; not enough capital, credit, no team or connections, fear, etc.

But I find that most people want to invest in areas that are solid and that don't have bad tenant quality.

I've had rentals for awhile now, but this is the first time something like this has come up. 

Quote from @Delton Friedman: Hi Everyone, I have been looking at building a duplex to rent in the Houston area, but I am not sure how to start. 

But what are some creative ways or financial structures to move toward?   

But on 100 year old homes in low value neighborhoods capex often exceeds cash flow over time.

I'd get a quote from Steadily as mentioned, but Thimble is another one I read about in an AirDNA article.