I own 2 STR units in condotel buildings in Waikiki, both are doing very well.

If saving 20% and building direct is worth it to you I'd recommend it.

My wife and I are in Stillwater and have house hacked for a number of years as well as flipped and own mixed use buildings in Western Wi.

Over the past 10 years, he and his late wife poured their hearts into building this home (with permits, of course).

but if i go in a LLC with them i get hit with the tax from the sale of the homeThe GC and the flipper were just going to split the profits from the sale of the home and they were going to pay me 2%/12% for the duration of the build. 

Your build backwards approach totally makes sense.

The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable. 

My goal is to connect with like-minded individuals who are passionate about wholesaling, creative financing, and building wealth through real estate. 

I was interested in this type of deal because I was living in the area for another year and needed to build equity as well as dip my feet into the real estate market.

Down the road as you build equity you can pull it out to buy more real estate.