Hello my wife and I bought our first home (3 unit multi) in 2015. It has been one of the better decisions we have made financially. We are now buying a single family for ourselves near by. If it were up to me it would...

. $8.5K to buy is good, but by the time you move the home, skirt it, ad steps, hook it up, make repairs, I suspect the total cost is easily $12K to $15K per home. 100% of which will be out of pocket. 

It looks like the next step in the Amazon HQ2 saga will be for a smaller list of final finalists (five or less)  to get their incentive packages approved. 

If you inherit real estate, the tax basis automatically gets 'stepped up' to the fair market value on the date of the previous owner's death.

I was planning to use Rigid Core LVP light color for main living areas for both levels & carpet in all bedrooms & 6 step stairs going up & 6 step stairs going to basement. 

@Caleb HeimsothThank you for this I think that also would be a good step lower interest and longer loan?

Norada walked me through initial steps and gave me contacts to reach out to for lending, insurance, and property management.

I assume this is a multi million dollar deal.the builder of course NEEDS YOUR equity to get his loan.. now the good news is if he  can get a loan means he is somewhat to fully qualified.. you can do a participation mortgage in second position calling out for an interest rate and a bonus you just put it right in the note.. or lets say your lot price is 500k.. you simply write your note for 650k plus interest.. this assure you of profit.I would not do this though if you have no means to step in and complete or cash out the first.. nothing is worse than taking over a build project from a builder that failed mid stream

What first steps do I take to get potential leads?

Those seem like adequate precautions, but to be extra cautious, I would recommend you do research on the steps your state requires you to do.