My first two properties are still in my personal name and I actually need to switch that up finally, so thank for the reminder.Nonetheless, you can definitely still open up an LLC, I just try to avoid putting the cart before the horse.   

Do you do the contacting property owners yourself and then work with the investor friendly RE agent to actually purchase the property? 

But even with the smallest of projects, never heard of any new construction going less than 1 mil.Keep in mind that you are actually going for 2 loan products with new construction, not 1. 

@Mary Ciccarelli You actually do not need 2 QBO subscriptions to do the bookkeeping for all of your deals even if you have a separate partner on each one.

You're looking in your market to make sure you can find properties to wholesale, and don't want to do the big announcement blast to investors until you have those properties...Here's what I'd suggest: find the investors first, and make them happy by providing actual good investments.Here's the thing: investors will always be there.

There are so many variables to "what it costs" that even if I gave you a number, it could be high or low depending on the actual properties.

you'll actually be asking other MF tenants for their PM, it's a great way to quickly find a good one... best of luck!

@Evan Loader, I am guessing you have already explored the guests on podcast routes, as particularly within the BP "sphere of influence" that is the preferred marketing route, particularly for 506(b) operators.  

@Ekaterina Smirnova Nice, we actually own a rental in that neighborhood and has done really well so far!

But Surprise and the West side are pretty far (45 min - 1 hr) from actual downtown.