It is a great place to meet new friends and learn about various aspects of real estate and more.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersLots of luck.

As a lender now I feel like the house probably barely qualified for FHA financing, those loans require a more move in ready house which it was but a lot of the big ticket items needed to be replaced within 2 years (HVAC, roof etc).

After replacing the roof, foundation repairs, flooring and more I put about $50,000 into it and sold it for $160,000.

Maintenance,preventive maintenance has caught my attention.Although I can't become specialized in all of them (it requires continous learning) ,what I learn I implement at my job .My daily chores are:-repairs (light electrical work,light plumbing work, patching the flat roof,drywall repairs,sheetrock repairs,etc)-maintenance (painting, cleaning,light labdscaping)-preventive maintenance on pumps,tanks,gears that are vital to the daily property operations-find ways to increase heating efficiency and lower the cost at the same time-find ways to lower water consumption in the building and energy (electric and gas) consumption-increase the buildings occupants comfort-increase the NOI for the landlord-collect the rent-resolve tenants issues-basic inspection (I look for air leaks, gas leaks,water leaks) (of course a property inspector has much more skill in doind that than me)All of that brings me joy in my life, but it doesn't bring a high income (because I don't have a specialized skill)So I would love to find a way to acquire a property and put my skills into my properties.Thank you for answering, John

Now we can offer acquisition, rehab management, tenant placement and property management all under one roof.

(I know, material prices are thru the roof and lead times are long as well).We are thinking we can pay $160K cash for the Land.Then, use the land as collateral (Leverage) to get a loan to build the house, which is going to cost $550K to build.a) Will I still be financing the total $550K?

I'm not sure how much knowledge you have on acquiring property but since your reaching out on BP I'm sure you have appropriate knowledge.A major aspect that you are missing however is the cash!

It is a great place to meet new friends and learn about various aspects of real estate and more.Check out BP Podcasts: https://www.biggerpockets.com/podcastLots of luck.

I know the basics regarding framing, plumbing/electrical rough ins, hvac and roofing and all the associated permits that go with those as I've done all of that before but they've mostly been single family/condos with this being my first multifamily rehab.

I avoid Flat or asphalt shingle roofs, houses with no garages, yards with lawn, split levels (a landing at the main entrance and then you have to go up or down stairs.), houses with less than 3 bedrooms and 2 baths so people stay longer, and multi-Family.