As 4 homes are being constructed we project no more than 6 months...worst case scenario maybe 8 months.

I’m sick and tired of having my mailbox full of these “I am buying houses cash in your neighborhood” letters, but the worst is the constant phone calls asking me if I want to sell. 

You will make mistake along the process and that's ok as long as your making sure your getting in and out as fast as you can.

The risk of coming late, getting lost, being a lie, and processing times make it the worst option in my book.

I'm Joseph (from Athens, Georgia) and found BP when listening to a ChooseFI episode 312 where Scott and Mindy discussed their book First-Time Home Buyer: The Complete Playbook to Avoiding Rookie Mistakes last April (2021).

Would this be a mistake for a new investor?

Lets assume worst case scenario.

He wants to ensure that if I make a mistake, we're still okay and I respect that. 

The result is the max mortgage payment, with 20% DP (not higher), you can make and still generate the needed cash flow in that micro-market.Don't make the mistake of increasing the DP to get the needed CF. 

If you’re worried it’s a mistake, you’ll have to figure that out while someone else is under contract and buying that house.