The goal is to buy a fixer / upper and try to update and sell before building from scratch.

I have been working with investors over the last 3 years helping them find good deals on land in desirable locations and then building a new house on it to resell.

We are looking for houses with larger lots and favorable zoning to utilize our owner occupied loans and subdivide and build while we work there.

My business partner and I created Quality First Builders, LLC, to build new construction spec homes in the Triangle and surrounding areas.

With that we go back to the aforementioned "pottery barn" this building sat directly behind their home.

There may be additional zoning or building requirements depending on the number of rooms in the unit.

It's really hard to beat the long-term wealth building opportunity that the Bay Area offers.  

Are you ok with building a business that needs constant sales and marketing training? 

A generalist is interested in many asset classes and strategies, making it impossible to focus.The best way to steer clear of analysis paralysis is to research, build relationships, and get the confidence to make a first choice regarding your intended asset class.

- Buy something that you can add value to, refinance in a year or two (or when it makes sense), take the cash out and buy an investment property- Buy new construction, let the builders build the equity for you while you live there, sell in two years (or LTR - MTR typically isn't allowed in new construction neighborhoods)If you are thinking of self-managing, what about Winston Salem/Greensboro area?