I don't agree that buying a house is advanced...just seeing the opportunity at the start, and taking action. 

Personally, I would start by getting a proposal from a builder to build the home and compare that to your estimated selling price to see what your profit would be. 

If I was starting out, and lived in the area, I'd be hammering tomorrow..If you're hiring contractors forget it.

Typically lenders would request 2 months of rental receipt + bank statement showing the tenant paying the 2 months of rent to the landlord OR 1 months of rent + security deposit if the lease just started.

I am new to real estate and wanted to get started house hacking.

@Stanton Ward Congrats on starting your REI journey.

Man, to me it sounds like the company wants you to do all the work, take all the risk, and if it's not a home run they will still make 800$ for a hour worth of work.

I am weighing the option of starting my real estate investment strategy in a RE Syndicate OR in 2-5 unit rental units.

Most people will say start by identifying your guest avatar, but I recommend starting with your property first if you already own something.

If you had one that you thought you could use for your project, happy to start with that explainer.