We found that for every 100 sq ft you build over 1600 you lose about $10 per sq ft off of the resale so our underwriting has $200 a sq ft resale or about $340k.

@Joseph Lavoie I live and invest in Birmingham area, I have a couple sources that will loan under $100k (hard money loan w/construction loan) I have used if you are interested. 

Even though you'd be getting into the deal with $0 down, you should still have enough cash (or availability to access cash) to cover the worst case scenario of a tenant who immediately stops paying after you close on the property and requires you to complete an eviction action against them.To your second question, I'm sure you've heard it before, but the 4 main ways you make money in real estate are cash flow, appreciation, debt paydown, and tax benefits/depreciation. 

Couple reasons for this.1. sucks to lose money every month when you just put down 20%, which can be a lot of money2. what if there is some kind of emergency i.e. large maintenance, non paying tenant, etc, then you are really in a bind and obviously that comes out of your personal funds3.

@Matthew Scott go check with the city and make sure you can do it before you invest any time and money into it.

From a lending perspective, if I have the money, people don't care that I'm female. 

The financing cost behind hard money are usually more expensive than taking out a HELOC.

:Might as well go for it most tenants in c class areas are nuts anyway so the extra rent money is icing on the cake  LOL!

Wholesaling is putting a property under contract, assigning it to someone else to close, and then making a spread (money) for being the conduit.

Our Playlist Beta Membership gives you access to the following: 🔐Unlimited audiobook downloads of 37+ real estate investing and business books🔐Unlimited ad-free podcasts including Real Estate, On The Market, Money, Rookie Business, and DailyI'm sorry for the confusion and would be happy to clear up any more questions!