Maybe right away and frequently, like when you loan someone money and they make payments.

Flip houses and reinvest the profit and keep repeating while adding rental houses to the mix.

My intention is to use conventional finance on this deal with 20% down, then refi as soon as possible and repeat the process.

(Again, I repeat, not war zones, merely low-income adjacent to nice schools and amenities, where alot of rehabbing is occurring, and I have a skillful PM for this tenant class.).

Having a balloon payment, higher interest, not qualifying a borrower, using investor's money, fund-foreclose-rinse-repeat, finance an option price, use a quit claim deed made with a note or contract when it's made.

Personally, I imagine that employee labor is just as expensive as sub-contractors if you're not tremendously optimized in your business.I think this is very true, in that when you hire employees you explicitly have to pay all the "loading" charges of those employees.Contractors, on the other hand, can frequently be retained for less due to competition among competing contractors, as well as lack of business sophistication on the part of many contractors in pricing their services (i.e. they don't necessarily understand/quantify and build in all of their hard/soft costs, a prime example being the true cost of longer-lived items like tools and vehicles).

Repeat after me - NO CHECKS!

If this project goes well, we plan to rinse and repeat to build up a small portfolio of cabins as well.

Doing if frequently, as you know, is preferred.

I've had a repeat borrower who did deal after deal, suddenly fall off the planet and stop in the middle of several projects.