The rest about dd and bidding etc you pick up along the way and getting better over time.... experience comes

you need to talk to 10 lenders before you make any decisions. you won't be qualified for ground up construction without the experience. there's no such thing as sweat equity for general contracting. if you've never built a home how can you do it? 

Hey Sheena, thanks for adding your experience here.

I would be concerned what you need to provide in addition.

I am Florida native and insurance decisions are critical, given we are prone to hurricanes.Any investors or professionals in the SWFL area, that can recommend an insurer or broker that they have positive experiences working with. 

Many lenders have investment property experience requirements, meaning the borrower needs to document owning an investment property currently or previously..

In my experience this kind of thing can get out of hand very, very quickly.]2.

Hi Community, Requesting help form all East Bay, California builder/investors experienced with an ADU (Additional dwelling Unit) build.  

You've got the experience, and your friends want to relax while their money grows.

If the answer to all three is Yes, I buy.And let life unfold.I have NO IDEA what the ultimate return will be….NONE….And neither does any other investor if they are honest…..most crystal balls I find are broken.But if one acquires the property is a solid long term manner based on fundamental investing principles and is never forced to sell…History indicates the long term trajectory of price and rents are up.In my experience, real estate follows cycles……. 6 or 7 years of a bull market, 1 or 2 years down (though the up is always larger than the down), 1 or 2 years of flat which then sets the floor for the next run up.