Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence fix & flip investment.

It allows you to go in with a primary residence debt and you have to live somewhere anyways so might as well pay yourself.

Investment Info:Single-family residence fix & flip investment.

If B, then make sure that you are heavily insured because you are acting as a GC.Also most states (like Arizona) will not allow a homeowner to act as Owner/Builder on a property that they are planning on renting, only their own personal residence.

(Just be sure you are near public transportation or this will be very tough to pull off.)The thing to be careful about in New York is that the law here is very, very pro-tenant.  

Make sure to carefully look into what and who you are investing in and whether their track record and experience is a good fit for your investment objectives.

Also note that most states will not allow you to GC (or go Owner/Builder) on an investment property, only on your primary residence.

If you have lived in a home as your primary residence for two out of the five years preceding the home's sale, the IRS lets you exempt $250,000 in profit, or $500,000 if married and filing jointly, from capital gains taxes.