@Tim Porsche- give me a shout when you're free.

I'm local in Grand Rapids as well so feel free to shoot me any questions you might have and I'll help you any way I can.

My parents offered let me have a room at their house to keep my things and to stay at when I'm in town for free.

If you are not already working with a Qualified Intermediary on this, I'd be happy to give you a free consult to walk you through the details of your case. 

The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.

Most of the time, you are better off selling the home and getting the proceeds tax free and using that to buy a rental.

This way, you can live in one unit for free or very cheaply while you get the hang of being a landlord and grow your money in the property.

If you would ever like to meet for coffee, feel free to reach out any time!

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

If you need an investor-friendly lender intro to go over your financing options, feel free to send me a PM.