@Soniel Estime a business partnership is about as risky to a friendship as extended travel.

I should focus only on closed not under contract comps though I know better than that being an agent, that was a little risky.

On the subject of holding costs, you also need to account for time and architect $ for plans/permits if you're adding sq ft.Even if the ARV is true, and holding costs were true, I would deem this too skinny/risky given the amount of rehab, and time to completion. 

I've read through the voter information guide as well as the text of the proposition on ballotpedia. 

As much as building from the ground-up seems appealing, it is a losing proposition. 

It's just a bit more risky. 

Anyone who tells you that higher reward does NOT mean higher risk is wrong.  

OOS investing can be risky, regardless of what people tell you. 

But it's a pretty risky way to do business. 

Leads were coming in really fast, so I put everything under contract that I thought was profitable and decided it was worth the risk. I