I imagine this would take close to a year if all went well, and eat up a lot of funds.

I agree, properties near the water appreciate well as more people like to be close to the beach.

I have been unable to rent it for about 5 months now and I am not seeing the price point I was desiring when I closed on it (around $1700-1800).

Did close to $9k in March.

I'm a member of the Apt Assoc of South Central WI in Madison and know they too were watching those cases closely as well and will look into the RPAWI.  

. $40,000 including closing cost) under my wife and my name since we will be living in 1 unit and rent the other unit out.

ET time.Job Openings and Labor Turnover Survey (JOLTS)The Job Openings and Labor Turnover Survey, commonly referred to as the JOLTS report, is another closely watched data release from the BLS that can move rates up and down.

I find that it's very rare that a lender will actually close at this amount of leverage because they would typically be putting up a much larger amount of funds than the property would be worth at the time.Has anybody actually worked with a lender that did fund based off of the LTARV?

Purchase price: $225,500 Cash invested: $125,000 Sale price: $600,000 Mont Clare area of Montgomery County.

You'll give up some project but the value in that first deal is what you learn.Sometimes you can meet builders at local real estate meet ups this is exactly right. we close in a single member entity with 95% of the new build owned by the client and 5% of us so we can qualify them. we don't have voting or distribution rights