I can say without a doubt that this flood brought a lot of us back to knowing what it is to help and care for our neighbors.Stay strong - we will all be stronger on the other side of this situation!

I will take any tips, suggestions or advice for new investors! 

The only other thing I would say is be careful of extremely cheap D class neighborhoods/properties.

Be careful to account for this.Rehabbed properties (with proof of repairs) and regular properties without title seasoning problems can also be set up this way – with much better scenarios than the ‘flipping’ example above.

Be careful to account for this.Rehabbed properties (with proof of repairs) and regular properties without title seasoning problems can also be set up this way – with much better scenarios than the ‘flipping’ example above. 

@Miho Y.If this is for a conventional loan the all the lender cares about is the sales comparison.  

Sandra-great tips!

Unless your in a market like the Bay area were you pay 1.5 mil for the lot and build a nice spec for 200 a foot say 3k feet for 600k  and have 2.1 in it and sell for 2.9  which is common the 15% of project cost work.but if your in a market were lot is 100k   build is 200k and end product say is 350k.. and you pay 30k to the builder that is far to much by double.we hire for flat fee if we are financing the whole job and they are simply acting as GC and have no monetary involvement.  10 to 15k a door. is what we pay.. and if we are so inclined there can be a bonus if we do real well.hope that helps.. careful to tag your jobs to % of gross construction costs you may not like were you end up.

Investing in real estate is something I definitely want to do but I'm worried we will both be too busy working, and will not be able to take care of the property and tenants properly.

Aside from the $21k, do you have to take care of any rehab to realize the $75-125/unit rental raise