As I'm sure you know construction is booming wait till it slows down....Plus is there even a demand for this in your area?

I work in construction doing residential remodeling.

They are merely a way for the town to track construction for the future and to collect money.

new construction there is a mandatory 1 year warranty by the builder by code in most states.then we buy the 2 10 as a parting gift.. home warrenties that you buy after market I suspect would not cover this.. regardless I would push back on this issue.. 

Hey Dethorn, we’re based in Charlotte and work with a lot of the local flip and construction players.

Here are the details:Duplex will be vacant when we close on property (the owner is moving out of the unit)Rents are potentially at least $700 conservatively, or $1400/mo. once rented outThe duplex is worth between $85k to $100k (I had a hard time coming up with exact comps)I estimate a 45% expenses (on the high end) which put me at a 11.63% CAP rateRepairs are about $35,000 (it needs all kinds of updating, but has good bones and appeal once finished)I offered $45,000 purchase payment with the following terms:$25,000 down payment and $20,000 in 18 months18 months of NO PAYMENTSA 12% interest charged only on the balanceBalloon at the end of the 18 month period (i.e. $20k balance)Therefore, 12% interest on the balance ($20,000) is $2,400Total seller gets is $47,400 after 18 months.  

Hi @Dustin Trimble,  Roger at Inline Construction does great work:  http://inline-construction.com. 

   I've been  in the construction and woodworking industries for ~25 years now, and I'm finally looking at investing into my own projects.

Also, your construction numbers will most likely be much higher than you project here unless you are doing the work yourself. 

If you take a look at my bio I have experience in construction engineering, management and, estimating(commercial).