If this is you are going this way and this is your first project you can expect that your options will be smaller if you are not partnering with someone who has successful ground up construction exits either as a GC or an investor.

You buy a first property, and when you refinance to get equity out you're effectively borrowing the money for the downpayment and paying interest on it.  

My deductibles are $6K range and all properties are 2005+ build, 2000 SF +/- double story.Location Houston TXThis is my first time working with insurance as well as roofing company.

The first prototype will have all specified fixtures, finishes and products as My wife and I like and approve.

This has been part of the problem last few years; the market has became saturated with first time investors buying your average 4 bed 2 bath home thinking they are going to kill it self managing, only to realize the returns are no where near what they anticipated and the work needed to self manage is more than they thought it would be.

It doesn't hurt to call.Ridge Lending All in One, first position HELOCAFCU does 80% LTV on NOO.

@MARK S KING you will find nice numbers with any Class C properties

It's been 3 years since this post first originated and am wondering if opinions/thoughts have changed.

Check for open faucets/valves first.

What key factors should first-time borrowers consider when securing funding for their initial real estate investment?