It’s fantastic to have a Realtor and investor with expertise in new construction homes joining the community.Here’s how you can engage and collaborate with the BP community.

How can you have no close comps in the past six months within two miles for a single-family home in a non-rural area.

@Sam Sarno Are you looking at multifamily or single family home?

Plus you still have to actually underwrite the entire deal (purchase, construction, carry, etc to develop accurate CF/profit).

The owner Roy Guy will say whatever it is you need to hear to sign the contract, then you'll hardly hear or see a peep from them until it's time to shell out cash for something they did to mismanage. 

As you read these books, watch the BiggerPockets podcasts.

If you go interest only and have a 5 year balloon the property would need to be worth more than 400k for you to refinance as a lender is going to want 25% equity. 

These are a few of the advantages of having a property manager.

On the face of things it appears you will have a hard time getting a +10% ConC return.

I've had continuous problems with my account connections breaking...it's happening at least once a day.