Put a big nice looking sign up out front of the property4.

Material prices have gone up so some may charge 4-5k as well.

You can go heavier in one category but that's up to you on which on you'd rather invest more in

I'd suggest asking your lender to mock up what it would cost to get your rate to 5% and then do a cost-benefit analysis to determine if that's the best use of your funds. 

I was a RE broker doing acquasitions for a large syndicator in the 80s in San Francisco / Sacramento market.. and thats what brought down their billion dollar buziness taking reserve money from good projects to prop up losers..

Hi Nathan, Thanks for reply, But I am from Canada and my city doesn't show up there.

I do have a contractor that has an amazing team that can do everything from the ground up to plumbing and HVAC.

You're signing up for an absolute meat grinder of a job with the hope that you can someday stabilize it and build something that could be put on cruise control or sold.As for tactical advice, tap into your network and alumni network.

Following up consistently.

At that rate the investments cashflow nicely.One big concern in this model that some investors are still being talked into funding ground up construction.