You really run the risk of bad construction biting you.

Hi Silas.Do you plan to have a GC or handyman run the construction project?

I would start by talking to a lender who deals with construction loans.

This could include keeping track of the construction holdback.  

They are vertically integrated management and have their own construction warehouse and contractors.

Note: Our initial goals are to wholesale to build immediate working capital (targeting $150k) and hold for cash-flow to build 10k/mo FCF (free cash-flow).We have made some cash buyer connections, identified and underwritten potential deals on hundreds of current deals, and developed professional relationships in our target community (cleaning, construction, governmental). 

Your insurance is going to be highly variable and I wouldn't use what an agent or the seller tells you as the cost of dwelling policies have increased substantially over the past few years due to rising new construction costs. 

I have worked my entire career in construction and last 2 years performing entitlements, permitting, and construction for industrial developments along the Wasatch.

The concept of New construction investment property was right it was just the process that caused the problem.

Budding new investor which is great since I'm also working for a real estate lender for both commercial & investor with construction services.