@Daniel K Houck I totally understand how you feel this way. 

@Kim Durst Potentially you could take the $10k, then have another $10k (or whatever amount you feel covers your cost if there are further issues) held in escrow.

@Madison Roberson you would get the Assignment contract through your network, but I can help, feel free to reach out.

Feel free to message me!

Yes having a mentor should prevent some growing pains, but those are the best teachers.

I would be happy to answer any loan related questions for you as well, so feel free to call or email me anytime. 

However I feel that I lack the knowledge to get started, if anyone has done this in my area I would love to hear your opinion if its profitable enough to be worth the time and trouble.

How would you feel in their shoes?

This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

The only thing I can't afford is for my guests to feel uncomfortable in my property.