In the end it was the right move because California real estate was decimated in the following years.Now I see California in recovery & one of the most opportune times to invest in history.

Two examples of how I operate delegate today vs a few years agoThree years ago I used to be on the jobsite all dayTwo years ago I used to visit the jobsite daily1 year ago used to visit jobsites two three times a weekToday I do a walkthrough once a week unless my guys need me there prior.I have meetings with the crew leaders, at the end of every week for two hours in the conference room, where we review progress on each house, make plans for the next week and solve any issues they forsee.I used to spend a lot of time walking through Lowes or Home Depot picking out the items for every job, It would sometimes take me days, seemed like weeks, to get the design materials decided and all materials picked up.Today I spend a couple hours in a house, by myself and make basic design décor decisions, then I do a walk through with the crew leader who is running that project, and his assistant.

@Geoffrey Murphy My Gut feeling the way things are going I think the worst is yet to comeI think we are in a small recovery Bubble

As construction progresses the builder makes draws and once home is complete builder makes final draw as sole payment (includes profit).

By signing this rental agreement, the tenant agrees that upon surrender, abandonment, or recovery of possession of the dwelling unit due to the death of the last remaining tenant, as provided by Chapter 83, Florida statutes, the landlord shall not be liable or responsible for storage or disposition of the tenant’s personal property."

Ron when a recovery starts hitting the news the herd mentality kicks in.Long term investors go on sound financial decisions not what's HOT etc.

You should point out you are looking for the same valuation and reports they would give to lender doing an FHA or VA loan that way you will also get any of the stupid little things on the radar while the work is still in progress.

You can follow some of my progress on the thread "Journey of a New Note Investor."  

What was your progression up to where you are now?

Keep us updated on your progress and decisions - it's an exciting time for you!