I am also an aspiring investor with experience in construction management.

Did you know if you act as your own GC in California that there is a 10 year period from substantial completion to discovery of a construction defect to file suit (called the statute of repose).  

Our family has been in the planning, engineering, architecture and construction industry for well over four generations. 

Thanks for posting this @Holly Nole and leaving yourself open for constructive feedback. 

I think you are referring to pier and beam construction?

Let's geek out a little and look at new development from the point of view of an economist.First of all, real estate is cyclical and typically, there is a period of expansion in inventory (period of new construction) after the recovery of a crash before you enter the "oversupply" phase and back into another recession. 

As soon as they officially retire the HUD-1 and everything kicks in, no one but alternative finding is doing 30 day closings.Third, you can't execute a lease to a property you don't own or have a specific interest in; although a contract for purchase gives you constructive interest in the property, it's not the kind you can use to execute a lease.It also sounds like there's a lot of confusion over the process here based on some of her stuff said; this is where an agent can be helpful.

No principal is not going down - I did an interest only loan because I was blinded by the pre-construction flip greed.

There are many reasons actually, but for an easy one - most people building new construction are not funding 100% in cash.

I am Investor with a construction company.