You will need to be spending 2-3 hours per day on the business in the beginning.

Your insurance costs are high in Florida so you would want to hedge toward the middle of the state as opposed to coastal.

I can understand the desire for new but isn't there a large land cost relative to the value of the overall home?

@Daniel BryanI agree with JacobBetter returns elsewhere and downside is if your borrower defaults depending on the state it could take years to foreclose and run all that legal and holding costs which wipe out any gains.

Also when you transfer it to that borrower, make sure in your price you include the cost it is going to cost you to give that borrower a title policy. 

I'm guessing if Buildium and Appfolio are like every other cloud service out there the issue isn't so much the cost (some can be passed through to the owners) but the training cycle on it. 

I've been looking to expand in a way that will both benefit the construction side of the business along with growing in a newer space of business.

On the day of sending EMD to escrow a business deal came my way. 

See attached Excel summary sheet.Investment Highlight89% Physically OccupiedSupply Index in a 3-mile radius of 6.8 SF/Capita, 5-mile radius of 7.7 SF/Capita, and 10-mile radius of 8.3 SF/CapitaAdditional Income generated from 4 mobile home lots and 1 mobile home (Not Verified, as thus not included in underwriting assumptions)Key Underwriting AssumptionsDown Payment 25% of Purchase PriceEstimating a CAPEX/Repairs cost of $150,000Estimating Operating Reserves of $10000Stabilized Vacancy and Concessions/loss to lease at 10%Using a cap rate of 7.23%Key Demographic DataTotal Square Footage 21,130 Supply Index: 6.3Population 3,338 1 Yr.

- Scale Operations: Expand your flipping business even with limited personal capital.- Seize Opportunities: Invest without being heavily dependent on your finances.- Streamline Process: Bypass the bureaucratic hurdles of traditional lenders.By leveraging hard money loans, home equity lines of credit, partnerships, and private lenders, you can boost your ROI and take your real estate investing to the next level!