Connect with those doing deals, find them deals, You will earn fees, save learn then go on your own, Good luck YES its that simple, Bob nailed it 

In addition, if your High number is too high, you can go back and look at items where your confidence value is low and research those items more or get an estimate if needed to bring the confidence value UP thereby working to get that High estimate nailed down more and potentially bring it to where it looks like a good deal.

Additionally, my wife has been working for a team in real estate for a couple years in our area.I definitely want to have a plan nailed down as much possible, before I move forward.Thanks, Nathan

The loan will not affect your DTI and there is no cap on how many notes you can have outstanding at one time.

@Ryan Muska has hit the nail on the head.

HaHaHa.. nailed it!

@Wayne Brooks nailed it, a half an hour with a knowledgable clerk and an attorney is better than any book, or guru course.

Talk to your local banks about a construction loan, and see if it works for you.Given that you will have to have everything nailed down prior to closing (contractors, bids, etc.), dont expect a quick closing.  

I intitally was only looking into Hampton bays but there seems to be a cap on how much you can get for a summer rental (I was told 35k for the season).

Nailed the explanation.