I'm actually planning to attend one 08/08 🙂.

The only reason to buy a home while still in flux is if the long-term plan is for investment only.

You are also able to pay down the principle as is comfortable, while only the interest is "due." 2.

When you are a new investor and want to build you will pay 2-3x more than you expected and it will take about 4-6x as long as you think going ground up.

That will help you Figure out how big a loan you’ll have to get unless you plan to add cash.

TravisIf I'm GC'ing the project and paying subs, I usually pencil $50/sf for cosmetic rehab, $75/sf for medium rehab and $100/sf for full gut as a starting point.

Like if they were required to pay 90% of their appraised value to purchase the property at the seller’s option?

Better to pay for a professional carpet cleaner and not risk carpet damage. 

I added value to this deal by negotiating with the sellers to credit us $30,000 and to pay for all of the necessary fixes during escrow.The real value add though is in the capabilities of the property.

To succeed you have to stand out, and when guests are paying premiums to stay they deserve what they pay for.