This is great detail and a lot of the reasons I like the thought of renting by a military base!

You would typically see new developments in more rural area with 200+ lots where there are higher margins and all the extra civil engineering work / infrastructure is worth it.I would probably try to find a smaller builder.

That roadmap, as of right now, is outlined.Learn - Keep FTJ (Full Time Job)Books, podcasts, BP, peopleFTJ and PTJ options: Go back into being a residential handyman and contractorWholesale - Keep FTJRamp up Wholesaling, possibly until either quitting or finding a PTJ to offset Wholesaling goal - raise capital to flip laterPlataeu Wholesaling, ramp up Flipping while ramping down WholesalingPlataeu Flipping, ramp up Buy-and-HoldLong Term Goal: rental portfolio with extra capital to invest in othersMy motivation does include swinging hammers (I love the physical work), but I recognize that won't be where I need to put myself to make money past the short-term (and my body won't be able to do that forever).

The other good reason to have a Real estate license is if you are a Property Manager and lease units you also may be entitled to extra compensation while collecting a paycheck (for now) and gaining experience.  

The higher the LTV for the loan the more strict they get on every little detail to try and curb risk.

Any extra InformatIon will be appreciated.

I would say your cost estimate is way off, I haven't heard of anyone doing a project like that for $100k (granted I don't know the details) because construction on small projects is running $325 (at the EXTREME low end) and up - some other commenters have mentioned this as well. 

Thank you all so much for your responses.So I do plan on getting something in writing for what the contractor should be doing in detail and the time lines.

You generally always want the seller out at closing, but they may need the money from the sale to move, so delaying the closing may not help.Yes, you need to set up an agreement/lease but have a much larger hold back from escrow, say an extra $10k or so, above the one month rental.

In 2007 our Bay Area home sold providing us with some extra cash.My wife and I purchased our next property in 2007 with the idea of flipping it.