I know the basics of what's involved from originating on the mortgage side, and I've done fair amount of research/reading, but my concern is not recognizing when a small detail is missing or off.

It might cost some money but attorneys fees go on top of the amount.

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

Total build costs of 600k )this includes lot, soft/hard costs, and 60k overhead recovery to my construction companyAmortize @ 20 years, all expenses equal gross rents so break even cash flow.

I'm guessing your source is talking about trying to get a bidding war going between cash buyers.....good luck.

TIAWe do a fair amount of investing in Arizona and it's been good to us.

When it comes to cash flow versus appreciation, there's a bit of a trade-off.

Some are forgivable at a rate of 20% per year and after 5 years they dont have to worry...Others take 15 or 20 years before it becomes 100% forgivable.Some are not forgivable at all...With this deal I would be less concerned with equity that exists and more concerned with the amount of that equity can the "Moderate To Low Income" of a Habitat Homeowner support in loan format.I am almost certain that its possible but your going to want to know the terms of the DPA/ Grant so you're aware of the actual cost and you have to see what the DTI looks like to see if it will fit what theyre looking for.

I will need to finance most of the purchase, but if my numbers are correct, it would still generate cash flow even with 100% financing.

. $30k is a bit light on the dollar amount to invest in a syndication.