The more you have, the more options you have.You will need a construction team, an escrow company (or closing agent - attorney in some states), and a title company.Having access to REO and short sales prior to them hitting the market is a key leg up in this market, use that to your advantage.

At the same time, I have to learn somehow, as I'd like to grow my rental business in the future.In the Good/Fast/Cheap equation, I don't need it Fast (not carrying a mortgage or construction loan, so taxes/insurance/lost rental income is the only downside of taking a long time), but I'd like it Good and Cheap.Am I foolish for thinking I can oversee a project of this magnitude?

I am a Commercial Construction Superintendent in the DMV area and a reluctant landlord.

My partner and I own and operate a hotel construction company and are decently well networked within the community.

We have been adding R-50 attic insulation when we insulate even exceeding the R-38 building code for new construction.

@ Face Lift Construction Inc.

Please don't take it the wrong way, it's really constructive criticism: it sounds like you really do not know enough about this type of deal to take a stab at it, regardless of if it's a good deal or not.There's a good and bad way to invest: top down and bottom up.

Hi Guys - brand new member here... hoping for some good advice. Fiancee and I are building a brand new home. It's fairly large (4400 Sq/6 bedrooms) We will own it free and clear and should be completed around April...

New construction, spec building and pop tops are the trend closer to downtown.

I really like construction as a lifestyle, but need to create income for retirement and to build some wealth.