I used a FHA loan to get in to a HUD home, lived in it and completed the renovation, leveraged huge equity  to finish a second renovation that was technically a new construction loan, sold the rehab, got a partial lien release combined with a re-finance from the FHA loan, pulled $30k in HELOC, bought another rental, moved, and then rented the original SFR...then on and on...lots of moving parts.It's a lot like feeling your way through a maze where you are at right now, but don't be intimidated.

@Ned Carey - I think that's good advice, and conservative as well, but @Rob Wilcox got into buy-and-hold and apparently has done it successfully- maybe he would do well to diversify into building from the ground up.I've shied away from it for the reasons you mention, but dealing with 100+ units of housing, most of which was built over 100 years ago, occasionally leads me to think wistfully about new construction.

I am currently 61 years old and have about 30 years of experience in construction management and real estate. 

I am currently 61 and have many of years of experience in construction management and some in a broker license (actually about 30 years) in the state of Texas. 

I have managed over $350 million worth of Construction with over 2600 units rehabbed and/or built.

Any advice is gladly appreciated, I am new to the development and new construction aspect of real estate.Thanks

We bought the house in June, started construction in July and listed the property on HomeAway/ Airbnb in September. 

I have development projects in these areas and always looking for moreCurrently in the Sharswood/Brewerytown area I have 3 triplexes full renovation, 3 duplexes new construction and in Germantown I have two large multifamily projects in the works

It is simple to make provisions for a master meter and submeters at the time of construction.

I live in Point breeze and I'm working on new construction projects along side hundreds of others that are helping to increase home values in the area every single day and keep them up for the long term.