Here's a potential path forward for you:Get Detailed Bids: First, it’s essential to get more accurate bids from licensed contractors for the remaining work, not just a range.

Essentially, this follows the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, but with the twist of continually developing more homes on the same piece of land.Do you think this strategy makes sense?

You can also check out The Real Estate Guys and The Best Ever Real Estate Show for additional perspectives and insights.Regarding your university studies, a business or real estate minor could definitely help, but it’s not essential.

Imaging if you close on a deal with low cash-flow today at a 6.5% interest rate and then refinance at 5% in 5 years after paying down some principle.

This is why I emphasize education of real estate principles, law and finance are essential for the real estate investor.  

Until you exercise that option, you are essentially just a renter.

@Ted Barrett I look at a lot of deals that essentially make good on the 1% rule.

So essentially as an OOS investor I'm stuck as far as registering goes at the moment. 

At that point I might be considered to be engaging in brokerage with my role reduced to a "lead generator" for my contacts/employers, the Buyers, who are essentially paying me a finders fee.

Next, it’s essential to identify the market where you plan to invest.