I have been told that a business degree with a focus on construction management or finance would be better.

Purchase price: $110,000 1st purchase; 3/2 New construction What made you interested in investing in this type of deal?

Now, I need to know the exact usable space, wetland delineation, water & sewer hookup cost, mitigation banking, cleaning up the trees, construction cost as exact as possible.

@Collin Placke if your ARV and construction costs are accurate then it would seem to be a good deal. 

There are a number of other options than traditional bank financing, but really, if you're in this for the long haul and especially if you're looking at this from the perspective of a guy with some understanding of residential construction, you shouldn't try to fight the learning curve from the start with things like BRRRR, 3.5% down-payment FHA loans, all-cash offers with personal loans + cash advances from credit cards, etc.It's complicated enough learning how to run rentals.

And fico is down the list at what my commercial banks look at for multi million dollar loans I get.. those are based on the 3 Cs  Character  Capacity Collateral   and of course experience and length of time with the institution.. now this is for my development and construction loans.. 

Always have a construction crew ready to go!

@Catherine Angle If you're thinking about wholesaling be sure to leave some meat on the bones!  

For me, my team consists of a realtor, property manager, handyman (for small repairs), plumber, electrician, lawn maintenance, flooring people and even a small construction outfit for those bigger jobs.  

Ful lRepair Optiona.Minimum of $5,000 in improvementsb.203k Consultant is requiredi.FHA Approved Single Family “construction manager” who oversees and inspects the rehabilitation work from start to finishc.Nearly any type of repairs is allowed (luxury items are not).