Hi Tracey, We use Melvin from Panda Homes (can't post contact info as BP doesn't allow it) he does design and construction so he can also help expedite your plans.

If you have a good credit score and a business entity, you can use the equity from for your primary home to make up the difference in down payment.

Most people might not have the ability to pay 5 to 6 figures a year for that.With Costar it is about residuals. 15 years in the business I do not like contracts and residuals.

7 3/4 is the max now for new construction.

It is always best practice to keep business and personal seperate.

You might also meet someone that could be a potential business partner.

Which will bring plenty of other investors and general business to the area.

It is very overwhelming to get into the real estate business with so many people already in the game. 

Your friends might not fully grasp their financial situation at all.Stash that entire $2k cash flow into your business savings until you have enough in reserve in your business to cover vacancies. 

Hey David,I'm a bit puzzled why the conversation shifted to new construction when that wasn't initially mentioned.