:)There's lots of opportunity in the development and construction of a new site - and a thousand places to suffer financial cuts and bruises that can bring you to your knees.

Income fluctuates tremendously in most 1099 real estate occupations (being a Realtor included) so having that put away will be vital to your comfort and peace of mind as you get started.(1) figure out how your minimum monthly income needs (this may change as you move to a different city and get out of college life, so estimates are fine for now)(2) cut out everything extra until you've put away 6 months reserves(3) live way below your means so you have extra money to save and investGood luck and congratulations!

It's because you aren't really reading and taking in the information, you are trying for short cuts to get people to qualify your vision.

First, you always wind up being in for more than you budget, always, and two if you are cutting the capital requirement needed close then you can go under and default.Truth be told, to get through a deal and afford: Down Payment, Closing Costs, Holding Costs, Deposit for contractor, taxes, insurance. 

Geez  I would be talking to your HML right now as I doubt they want to take it over.and try to get a workout with them ASAP.. sounds like its going to be  a loss anyway you cut it and I have to think you put up cash for a down payment as well. maybe someone else will have some pearls for you.Wholesaler is going to low ball you for sure.

So I have been researching making an extra principal payment every year and how it will cut down your mortgage to between 21-23 years.

Pencils have been down and large investors have been focused on cutting costs, increasing renewal rates and improving operations.

Quote from @Stuart Udis: Below is a cut/paste response from me in 2023.

While this doesn’t cut out the middleman completely, you can find excellent investment opportunities for flipping houses at a much better price than you’ll find on public real estate markets.

If not, buying something random and making one trip there for the inspection isn't going to cut it, and will not protect you from buying a bad deal.Can you pick a market within a couple hours of you instead?