A lot of cities require you to get a work comp policy if you are an owner builder unless you hire all people with their own policies.

Needs all new cabintry, windows, doors, roof (has some life left), fixtures, fencing, some electrical and plumbing changes, and some framing/drywall due to termite damaged sill plate in areas.

From my experience working with over 400 investors, I’d recommend starting with house hacking—ideally a fourplex if you find a good deal, but a duplex works too.

Hello,I am currently located in Dresden Germany working for Infineon.

The one thing I am unsure about is how earnest money works when you have yet to find a willing buyer to assign the contract to?

Find an architect who specializes in this type of work, and who is very familiar  with the building department

To make it work, ensure your HML allows second-position financing, negotiate favorable seller terms, and have backup exit strategies.

We have had to walk away from some decent deals because rates were too high to make the numbers work.

How does the Airbnb licensing process work in your area?

They do this by the Scope of Work with Budget being provided to them.