Actually the more I think about it the neighbor could be a real problem for a retail buyer.You have a new construction bungalow that just went on the market for 275k just down the street (more “inside” the neighborhood and not on the fringe).

I have a great friend with an engineering/construction background who wants to start investing too.As to my background, I am a lawyer.

Hello, if I start my own construction company, am I able to sub out the whole scope of work to a different non-licensed company (llc) as long as I get permits and verify work?

I was thinking of a 6 month lease option contract giving the lessee (whether it be me or I can sell the lease option contract to someone else) the right to construct a new structure on the property.

I appreciate input, advice, constructive criticism, ideas, etc.

A mentor isn't going to take on a mentee unless he is near certain that the mentee can succeed in whatever it is they're undertaking.

Looks like you have the landlording part started.I grew up with real estate: so the understanding the market is ingrained from following my mom by watching her.I read a lot of investment book, majored in finance, did bookkeeping..Worked as RE agent for a few month (Asia)What I didn't know was: flipping : had to do one to understand Land lording: my flip didn't flip so learnt land lording on the fly Buy/selling: learnt each project from everyone involved from seller/buyer to inspectorsFinancing: learnt on each project just by talking to brokers/mortgage/bankNew construction : chose to work with builder on live in flip.

Construction costs @ 1.4M.

It is on a block where there are all new construction homes and only his old house with the 2 connecting lots.

My first job out here was driving forklifts on construction sites making just $2,000/month.