No license, likely no insurance, etc.

So no line credit?

There are many people on here and other places like meetup that you can gain experience in flipping with little or no money for the education portion. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

This is where the tricky part of STR's come into play since no lease exists. 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

While I no longer work in the fix n flips myself.

This is one of the biggest mistakes I observe.While terms are important, take the time to get to know what each banker has to offer, their capacity and how they can help you grow.

Advantages of New ConstructionMinimal Maintenance: New construction means you won’t need to deal with a lot of the usual maintenance headaches—no leaky roofs, outdated wiring, or old plumbing to worry about.

They’d like to move no later than October.