Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Since you’re building from the ground up, a hard money loan can be a great option because traditional banks tend to be slow and have stricter requirements for new construction.

There are legal requirements for disposing personal property left behind by a tenant.

A land loan for 'raw' land will require a 50% down payment and high APR as you know.

There are a lot of ways to invest in RE and each requires building necessary skills.  

Lending to Entities Only: (Not required but think carefully.)

You want a design that stays relevant, withstands high turnover, and doesn’t require constant costly updates.7.

That could be a good opportunity, but underwriting of a seller-financed fix-and-flip deal requires careful analysis.

@Sujiro Seita Appfolio requires at least 50 doors

The US taxes global income which dramatically increases the reporting requirements.