You will feel allot more confident about using architects and paying them once you see how your project is moving along and see for yourself all the issues that can present themselves when paying to have so much work done.

Thanks Donald, appreciate the info and vote of confidence.  

The questions you have today will become tomorrows lessons after going through the process. 2) As you create experiences in the "doing" of the business, you will become more confident and age and other perceived limitations will not hinder you because you have "been there, done that".

I have little confidence trying to "network" when I have no experience at all besides research.  

I am also a new agent in Maryland (Just affiliated with long and foster not too long ago).

Start at 60 days and knock it down to 45, then 30, if you are confident you have buyers waiting in the wings to jump on the property.  

The brokers job is to foster the success of agents at the firm.

Started a LLC to do some kind of wholesaling/lease options but wasnt confident to do anything without being licensed(felt shady, perhaps since I come from RE agent family).Ive taken a course at community college on property management before and have a couple books.

The real issue boils down to this.Your down payment loan will typically be short term and your mortgage loan long term.If your goal is to do a long term hold then this is a bad idea, if you are doing a fix and flip, then its is simply a question of cost of funds and you confidence that you can turn a profit.Your short term loan will not (most likely) be attached to the deed so it is a working capital loan and works well for fix and flip deals.

A HUGE thanks to bigger pockets for helping us crunch numbers, network and give us confidence to take the plunge!