A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

If the appraisal deems it to be "Subject to" you will have to use a renovation loan/construction loan to repair and close. 

Affordable Construction: Thanks to the small footprint of these homes, Griffin Modern’s designs avoid costly engineered lumber.

Also hoping it would help me evaluate properties better or gage compentency of construction crews i work with. 

Especially if you cant 1031 and you have to pay recapture.Even with new construction this has to be taken into account..

@Roger Mace I would be skeptical of a lender who holds themselves out as a  non recourse construction lender.

Who is responsible for cleaning the construction site and keeping public walk ways free and clear of construction debris since you are in CA without the ability to monitor the site?

I assume new construction in Eagle Rock would cost around $400k to $500k?

I recommend teaching him basic construction and property inspection (4-point items); 'lipstick on a pig' can kill an investment and reputation faster than anything in this business.Best...

columbus is the market and new construction is the way to go