It's kind of like insurance.As far as the ideal time to buy a house, I'd assume we continue to see home prices come down a few % points over the next several months, but as interest rates continue to rise I'd bet you see your mortgage payment be about the same.

The first one (ideally around $300k) is to cover pre-construction soft costs, have some liquidity and keep the family's living expenses and the second one would be used to fund the project itself.We would most likely need a loan with deferred payments or use the money from the first loan to pay interest only on both loans.So our goal right now is to figure out whether this is even possible with given circumstances.Are there any other options for something like this?

@Christina MerloLocal REIA events are a good starting point.I've met an individual private lender or two at those - they know that individuals like yourself are likely to attend, so they're also often in attendance.If you're working with an individual private lender, it would likely behoove you to meet them in person and ideally through a referral from another local investor.

This allows the borrower to put less money down on their purchase.As a result, NON-QM loans’ lax restrictions make them ideal for these types of real estate investors:Self-Employed Investors: Especially in light of the unprecedented year, with COVID-19, private lenders completely understand how difficult it is to find steady income.

I would like to get it now; however, when I recently got quotes it was more expensive than I was hoping for.The cheapest I found was through RLI for $370/year, but if you've had 1+ auto tickets then it bumped up to $500/year.

This is definitely not ideal, because they would have 25% equity tied up in the property and we have no idea if this property will even appraise for 350K which is the estimate we told the lender to get these numbers.

Of course, a hybrid yield + value-add investment is ideal, won't you agree? 

Ideally, I'd like to walk the properties and get an idea of rehab cost. - continue driving for dollars.- network more in my region to find an experienced investor who could potentially partner or provide advice.- Find the rehab cost, ARV, and get property under contract to wholesale (and be clear with owner about my goal to wholesale)Thanks for the help!

We will be sharing bathrooms and on the other side of the house have 3 in one bathroom which I know is not ideal.

Yup I agree REI is the ideal hedge.