For now I’d advise you to save your money and keep studying books and learning more about real estate.

We closed on the property and the seller-financed mortgage together, under our personal names. 

Additionally, if you decided to STR/MTR your ADU, you will have higher turnover (with larger profit margins), meaning you can keep a closer eye on your unit for maintenance and upkeep.Please remember that every investment decision should be based on thorough research and understanding of your personal financial goals and risk tolerance.

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.

Granted, I do have great pictures of the property when its vacant, so I was wondering if I could just use those, clean up, and have the property ready for the new tenant to move in within the same month that the current tenant leaves... all without ever showing it in person before-hand. 

This seller has many more properties to sell off in time and would like to keep the relationship going but once I tell perspective investors that they cannot access the properties they lose interest. 

They have very deep pockets, and if you you are looking for them to fund your business and don't mind working for free, they can keep you going until you burn out.

For me personally I did and do the latter land development and new construction along with all the entitlement work and horizontal then build new construction. 

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

Of course nobody knows where rates will be or IF they'll be lower, but something to keep in mind.