I currently own my primary residence and recently decided to buy a piece of raw land where my father’s construction company is, and with his help,  build a single family home on it which will become a long term rental when completed. 

If anyone has any information or advice, we would greatly appreciate it.

Here are the numbers on that deal: Purchase Price + Closing Costs (buy): 181,291$Total Rehab: 18,145$Holding Costs: 6,013$Closing Costs (Sell): 12,564$Sale Price: 220,053.42Profit/Loss: -7,939.41Key Lessons I learned: 1) Be wary sourcing deals from wholesalers.

If you read what I said, I apologized if I assumed you weren't a HML and you were.My answer is still the same, there's nothing in the deal but problems for the buying from year 3 and beyond....and if you think I was lecturing you, you have a very thin skin. 

Looking for other ideas, and structures that would help achieve a successful partnership.Thanks DougThat's actually a lot going on.What I think you are proposing is to have your in-laws sell their existing house, buy a new smaller house with their money, sell the house to you as the landlord and they rent from you.

We are happy to provide you contact information for the credits unions that offer this product.

Hello BP,Inquiring for true Private Money Lenders for a fix and flip project in Houston, TX.I’d like to connect to provide more information about myself and the project.

That is very useful information (the nuances of the new code), so thanks for sharing!

Will I just have to wait every 6 months to buy a new property or am I missing something?

The fact that you discovered concerning information about the male tenant's past after signing the lease complicates matters.