What's going on BP community.

Key lessons learned: use a cost-per-square-foot estimate from previous projects rather than relying solely on GC quotes, as they often underbid but end up costing more in the long run.The property is under a 2-year lease at $1,750/month.

Most people will tell you that your second choice can't be done, but the IRS has issued two (2) Private Letter Rulings on point where they did allow the taxpayer to build on property they already owned through a 1031 Exchange. 

I've purchased a few units online and they don't require any sort of licensing. 

@Joseph Pytcher Can you provide more info on the project?

Early on I replied on various contractors (unsuccessfully) due to my (then) full time, very time consuming job.

Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.

Sounds like you are on the right track doing research on different markets from the Midwest to Texas. 

I watched Dave Meyer's Market Intelligence Workshop on Demystifying Deal Analysis and found it very informative but I cannot find the TRI deep dive Excel spreadsheet.

Been looking for answers to some business questions on how to receive investors and how to pay myself while working the deals and what not.