There are many HMLs that will finance new construction, but much of it is based on your experience, credit score, and the expected sale price.

In terms of finding a partner, I would recommend partnering with someone who has something that you don't have (understands renovations, real estate experience, has money, etc.)

@Jackie LinThat’s a big decision, and with your experience in California rentals, you’re in a great position to weigh the options.

Real estate is definitely a constant learning experience, and adaptability is key.Building connections with buyers in a new market can be a real challenge, especially when trying to understand their specific needs and earning their trust.

There's obviously quite a bit of diligence that comes after such as who the key principles are and their credentials/track record (both balance sheet and experience), the underlying real estate and thesis behind the investment & tax prep and audit procedures but as a general rule of thumb if the investor can't get past the first part which is understanding what they are investing in, passive investing is probably not for that individual. 

I have experience with this business model. 

Quote from @Tony Schmucker: Quote from @Wale Lawal: @Tony SchmuckerFrom my experience of working with over 400 investors, your strategy to relocate, house hack, and transition properties to management is a strong, methodical approach.

I am reaching out to connect with others who have encountered significant financial challenges due to our experiences with STOA/FlipOS and their recent transactions with Farraway SG.In 2022, my company achieved a net profit of approximately $2.2 million through transactions with FlipOS.

I did find a mentor on BP who expediated my experience with REI and continue to mentor me in my journey...all for nothing in return!

Whatever approach aligns with your goals, I would hook up with a solid team focused on that investment strategy with the experience behind them—no need to pay your dues if someone else has and you can learn from them.