Trying to get a mental sale in my head with this property I have linked to see what it would be like. 

In Charlotte, NC and in Charleston, SC, we have such an extreme lack of inventory, especially at the lower end of affordability- seller's aren't giving up their 2.99% interest rate to downsize and pay more for a home with a higher rate, so they are staying on the sidelines. and Builders cannot ramp up fast enough, and are being very cautious due to interest rates, coupled with inflation, where their goods and services also cost more to build homes- and, after 2008-2010, where many got burned, and badly, they are super cautious.

Even if the first deal "costs" them money, it is the cost of education and they are better suited for the next.B) Of the handful of turnkey providers whose websites I have been to and deals I have looked out, let's just say they are certainly painting a VERY rosy picture.  

I would do nothing with it right now as the cost to borrow it is too expensive and real estate returns have been compressed.

So having said all that, properties that attract high quality tenants (location, location, location) cost more and have lower returns.

Circumstance of needing a place to live with the intent of selling for a profit mitigating costs How did you find this deal and how did you negotiate it?

I got a structural engineer to look at the house and he said I would need to take out the floors from the top down redoing all the floors and most of the crawlspace and that would likely cost about 20k.

Or a $500K property with a rehab budget of $200K and $35K for carrying costs and an ARV of $1M.

Since I'm just starting out, I wanted to invest in new construction property that will likely have lower maintenance costs in the short term.How did you find this deal and how did you negotiate it?

I have been trying to gather as much information as possible and make sure that I don't make any costly mistakes right off the bat.