I bought it from a new home builder I worked for in a market I could afford.

My business partner and I created Quality First Builders, LLC, to build new construction spec homes in the Triangle and surrounding areas.

HI David..Someone in your office will need to obtain their NMLS Mortgage brokerage license but we have a complete system for RE professionals like Agents, Tax Professionals, Attorneys and Builders that enable you to be involved and compensated without the full responsibility of processing loans (which is not fun!)

- Buy something that you can add value to, refinance in a year or two (or when it makes sense), take the cash out and buy an investment property- Buy new construction, let the builders build the equity for you while you live there, sell in two years (or LTR - MTR typically isn't allowed in new construction neighborhoods)If you are thinking of self-managing, what about Winston Salem/Greensboro area?

- New builders have been given lots of incentives for months now - they pay closing costs, buy down interest rates, higher commissions for agents. - Possibly... in most areas of the country the market is a sellers market and the seller can get top dollar for their property.

Properties can cashflow, and there are more aggressive strategies to force cashflow, but the wealth builder here is the appreciation.I noticed on your profile that you're looking for properties that meet a 1% or 2% rule.

Which we have pre sold to some of the major builders like Toll or Lennar and some regional I cant recall the name..

Attorney fees are paid by the builder. 

But I also didn't know if I should just get a new builder's loan for the duplex on the lot in front and tie in the reno of this property to that.

I am seeing a lot of incentives from builders